The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis

DOI10.1016/0304-4068(95)00721-0zbMath0858.90015MaRDI QIDQ1815224

Peter P. Wakker

Publication date: 7 November 1996

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: http://repub.eur.nl/pub/23106

zbMATH Keywords

nonexpected utility; comonotonicity; rank-dependent utility; sure-thing principle; classical expected utility

Mathematics Subject Classification ID

91B16: Utility theory

Related Items

Multivariate comonotonicity, A test of rank-dependent utility in the context of ambiguity, Bargaining with subjective mixtures, On some ordinal models for decision making under uncertainty, CHOQUET INTEGRAL MODELS AND INDEPENDENCE CONCEPTS IN MULTIATTRIBUTE UTILITY THEORY

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Order indifference and rank-dependent probabilities
• Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses
• Under stochastic dominance Choquet-expected utility and anticipated utility are identical
• Anticipated utility: A measure representation approach
• Axiomatic utility theories with the betweenness property
• Expected utility with purely subjective non-additive probabilities
• Continuous subjective expected utility with non-additive probabilities
• The algebraic versus the topological approach to additive representations
• Agreeing probability measures for comparative probability structures
• On the use of capacities in modeling uncertainty aversion and risk aversion
• Rank- and sign-dependent linear utility models for finite first-order gambles
• Additive representations on rank-ordered sets. I: The algebraic approach
• Advances in prospect theory: cumulative representation of uncertainty
• Multisymmetric structures and non-expected utility
• Additive representations on rank-ordered sets. II: The topological approach
• An axiomatization of cumulative prospect theory
• Separating marginal utility and probabilistic risk aversion
• Choquet expected utility with a finite state space: Commutativity and act-independence
• Comonotonic independence: The critical test between classical and rank- dependent utility theories
• The axiomatic basis of anticipated utility: A clarification
• Counterexamples to Segal's measure representation theorem
• The measure representation: A correction
• A unifying approach to axiomatic non-expected utility theories: Correction and comment
• A unifying approach to axiomatic non-expected utility theories
• Subjective expected utility with non-additive probabilities on finite state spaces
• Two-Stage Lotteries without the Reduction Axiom
• Subjective Probability and Expected Utility without Additivity
• A Simple Axiomatization of Nonadditive Expected Utility
• The Dual Theory of Choice under Risk
• Unbounded Utility for Savage's “Foundations of Statistics,” and Other Models
• Intuitive Probability on Finite Sets