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

DOI10.1007/S11238-007-9065-ZzbMATH Open1168.91336OpenAlexW2063479817WikidataQ57086464 ScholiaQ57086464MaRDI QIDQ836040FDOQ836040

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

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Mathematics Subject Classification ID

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

Cites Work

• A Mathematical Theory of Communication
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• Possible generalization of Boltzmann-Gibbs statistics.
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• Generalized information functions
• On measures of information and their characterizations
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• Utility of gambling. I: Entropy modified linear weighted utility
• Independence properties vis-à-vis several utility representations
• Utility of gambling. II: Risk, paradoxes, and data
• Increasing risk with state-dependent preferences
• On elements of chance
• Recursive inset entropies of multiplicative type on open domains
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• A mixed theory of information. III. Inset entropies of degree β
• An application of a uniqueness theorem to a functional equation arising from measuring utility
• A remark on functional dependence
• A functional equation arising from ranked additive and separable utility
• On the most concise set of axioms and the uniqueness theorem for Tsallis entropy

Cited In (9)

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

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