Expected utility for decision making with subjective models

DOI10.1007/BF01078982MaRDI QIDQ1908004zbMATH OpenOpenAlexFDO

Authors Salvatore Modica

Publication date 15 September 1996

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01078982

zbMATH Keywords

axiomatic decision theorydecision making under uncertaintysmall worlds

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Recommendations

• Subjective expected utility theory without states of the world
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• Classical subjective expected utility
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Cites work

• An axiomatization of cumulative prospect theory
• Healthy scepticism as an expected-utility explanation of the phenomena of Allais and Ellsberg
• scientific article; zbMATH DE number 50042 (Why is no real title available?)
• scientific article; zbMATH DE number 3366923 (Why is no real title available?)
• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• Prospect Theory: An Analysis of Decision under Risk
• SSB and Weighted Linear Utility As Expected Utility with Suspicion
• Unbounded Utility for Savage's “Foundations of Statistics,” and Other Models

Cited in

(24)

• Implementing a subjective MCI model: An application to the furniture market
• Probability weighting and utility curvature in QALY-based decision making
• Towards a constructive approach to act-conditional subjective expected utility models
• Expected utility within a generalized concept of probability -- a comprehensive framework for decision making under ambiguity
• A simplified approach to subjective expected utility
• Desirability relations in Savage's model of decision making
• Subjective expected utility with a spectral state space
• Subjective expected utility with imperfect perception
• Subjective probability over a subjective decision tree
• Expected content
• Redoing the foundations of decision theory
• Expected utility with subjective events
• The Hurwicz Decision Rule’s Relationship to Decision Making with the Triangle and Beta Distributions and Exponential Utility
• Classical subjective expected utility
• Measuring expected effects of interventions based on decision rules
• Constructive decision theory
• Coping with ignorance: Unforeseen contingencies and non-additive uncertainty
• Advancing individual decision-making: an extension of the characteristic objects method using expected solution point
• The reasoning-based expected utility procedure
• Lexicographic expected utility with a subjective state space
• Language-based decisions
• Worst-case expected utility
• A descriptive multi-attribute utility model for everyday decisions
• A preference model for choice subject to surprise

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