Expected utility for decision making with subjective models

DOI10.1007/BF01078982zbMATH Open0845.90003OpenAlexW1996791447MaRDI QIDQ1908004FDOQ1908004

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

decision making under uncertaintysmall worldsaxiomatic decision theory

Mathematics Subject Classification ID

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

Cites Work

• Title not available (Why is that?)
• Title not available (Why is that?)
• Prospect Theory: An Analysis of Decision under Risk
• An axiomatization of cumulative prospect theory
• Unbounded Utility for Savage's “Foundations of Statistics,” and Other Models
• Healthy scepticism as an expected-utility explanation of the phenomena of Allais and Ellsberg
• Title not available (Why is that?)
• SSB and Weighted Linear Utility As Expected Utility with Suspicion

Cited In (10)

• Desirability relations in Savage's model of decision making
• A descriptive multi-attribute utility model for everyday decisions
• The Hurwicz Decision Rule’s Relationship to Decision Making with the Triangle and Beta Distributions and Exponential Utility
• Measuring expected effects of interventions based on decision rules
• Probability weighting and utility curvature in QALY-based decision making
• Implementing a subjective MCI model: An application to the furniture market
• Coping with ignorance: Unforeseen contingencies and non-additive uncertainty
• The reasoning-based expected utility procedure
• Advancing individual decision-making: an extension of the characteristic objects method using expected solution point
• Expected utility within a generalized concept of probability -- a comprehensive framework for decision making under ambiguity

   Recommendations

• Subjective expected utility theory without states of the world 👍 👎
• A new approach to modeling decision-making under uncertainty 👍 👎
• Classical subjective expected utility 👍 👎
• Subjectively expected state-independent utility on state-dependent consequence domains 👍 👎
• Expected utility with subjective events 👍 👎

This page was built for publication: Expected utility for decision making with subjective models

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1908004)