A simple behavioral characterization of subjective expected utility

DOI10.1287/OPRE.2013.1179MaRDI QIDQ5166258zbMATH OpenOpenAlexFDO

Authors Pavlo R. Blavatskyy

Publication date 26 June 2014

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2013.1179

zbMATH Keywords

ambiguityalgebraic approachsubjective expected utilityconnected topology approachsubjective uncertaintytrade-off consistency

Mathematics Subject Classification ID

Utility theory (91B16)

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Cited in

(25)

• Derivation of a cardinal utility through a weak trade-off consistency requirement
• A note on Wakker's cardinal coordinate independence
• Future plans and errors
• A simple proof of a basic result in nonexpected utility theory
• Subjective expected utility with signed threshold
• Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Axiomatization of weighted (separable) utility
• Expected discounted utility
• Stochastic models for risky choices: a comparison of different axiomatizations
• Probability weighting and L-moments
• A biological basis for expected and non-expected utility
• Savage in the market
• Behavioral assumptions for a class of utility theories: a program of experiments
• Probabilistic intertemporal choice
• A monotone model of intertemporal choice
• The Becker-DeGroot-Marschak mechanism and nonexpected utility: A testable approach
• Psychological expected utility theory and anticipatory feelings
• Cardinal coordinate independence for expected utility
• The Anscombe-Aumann representation and the independence axiom: a reconsideration
• Intertemporal choice with different short-term and long-term discount factors
• Intertemporal choice with savoring of yesterday
• Subjective recursive expected utility
• Subjective independence and concave expected utility
• Subjective expected utility through stochastic independence

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