Utility of gambling when events are valued: An application of inset entropy

DOI10.1007/S11238-007-9065-ZMaRDI QIDQ836040zbMATHOpenAlexWikidataFDO

Authors R. Duncan Luce, Che Tat Ng, A. A. J. Marley

Publication date 31 August 2009

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

Full work available at URL https://doi.org/10.1007/s11238-007-9065-z

Mathematics Subject Classification ID

Measures of information, entropy (94A17) Utility theory (91B16) Probabilistic games; gambling (91A60)

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• Utility of gambling. I: Entropy modified linear weighted utility
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Cites work

• scientific article; zbMATH DE number 3152611 (Why is no real title available?)
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• scientific article; zbMATH DE number 3366923 (Why is no real title available?)
• A Mathematical Theory of Communication
• A functional equation arising from ranked additive and separable utility
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• A remark on functional dependence
• An application of a uniqueness theorem to a functional equation arising from measuring utility
• Generalized information functions
• Increasing risk with state-dependent preferences
• Independence properties vis-à-vis several utility representations
• On elements of chance
• On measures of information and their characterizations
• On the most concise set of axioms and the uniqueness theorem for Tsallis entropy
• Possible generalization of Boltzmann-Gibbs statistics.
• Recursive inset entropies of multiplicative type on open domains
• Utility of gambling. I: Entropy modified linear weighted utility
• Utility of gambling. II: Risk, paradoxes, and data

Cited in

(9)

• Purity, resistance, and innocence in utility theory
• Behavioral assumptions for a class of utility theories: a program of experiments
• Utility of gambling. I: Entropy modified linear weighted utility
• Jarzynski-type equalities in gambling: role of information in capital growth
• Utility of gambling under p(olynomial)-additive joint receipt and segregation or duplex decomposition
• Probabilistic choice (models) as a result of balancing multiple goals
• Weighted entropies
• Utility of gambling. II: Risk, paradoxes, and data
• Some Aspects of Information Theory in Gambling and Economics

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