Cardinal coordinate independence for expected utility

DOI10.1016/0022-2496(84)90021-XzbMath0545.90006OpenAlexW2164385392MaRDI QIDQ798243

Peter P. Wakker

Publication date: 1984

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

Full work available at URL: https://doi.org/10.1016/0022-2496(84)90021-x

zbMATH Keywords

decision making under uncertaintycardinal appreciationrepresentation theorem for binary relations

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Individual preferences (91B08)

Related Items

Introduction to the special issue in honor of Peter Wakker ⋮ A note on Wakker's cardinal coordinate independence ⋮ Fechner's strong utility model for choice among \(n > 2\) alternatives: risky lotteries, savage acts, and intertemporal payoffs ⋮ A simple model of cumulative prospect theory ⋮ Subjective probabilities for state dependent continuous utility ⋮ A monotone model of intertemporal choice ⋮ Benchmarking real-valued acts ⋮ Continuous subjective expected utility with non-additive probabilities ⋮ The algebraic versus the topological approach to additive representations ⋮ Regret theory: a new foundation ⋮ Probabilistic intertemporal choice ⋮ A simple axiomatization of risk-averse expected utility ⋮ Multiplicative Utilities for Health and Consumption ⋮ New discounting functions ⋮ Derived strengths of preference relations on coordinates ⋮ Purely subjective extended Bayesian models with Knightian unambiguity ⋮ Intertemporal choice with savoring of yesterday ⋮ Subjective expected utility with nonincreasing risk aversion ⋮ Axiomatization of weighted (separable) utility ⋮ Utility independence of multiattribute utility theory is equivalent to standard sequence invariance of conjoint measurement ⋮ Subjective expected utility without preferences ⋮ Recent developments in modeling preferences: Uncertainty and ambiguity ⋮ Following the traces: an introduction to conjoint measurement without transitivity and additivity ⋮ On some ordinal models for decision making under uncertainty ⋮ Reconciling Savage's and Luce's modeling of uncertainty: the best of both worlds ⋮ Expected discounted utility ⋮ Future plans and errors ⋮ A unified derivation of classical subjective expected utility models through cardinal utility ⋮ Separating marginal utility and probabilistic risk aversion

Cites Work

• Approaches to cardinal utility
• Subjective expected utility: A review of normative theories
• Agreeing probability measures for comparative probability structures
• Strength of Preference and Risky Choice
• Measurement Theory
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