On the utility of gambling: Extending the approach of Meginniss (1976)

DOI10.1007/S00010-008-2931-0zbMATH Open1175.91063OpenAlexW2051696423WikidataQ57086468 ScholiaQ57086468MaRDI QIDQ998745FDOQ998745

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

Publication date: 29 January 2009

Published in: Aequationes Mathematicae (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00010-008-2931-0

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zbMATH Keywords

entropyexpected utilityfunctional equationsutility of gamblinggamble decomposition

Mathematics Subject Classification ID

Measures of information, entropy (94A17) Utility theory (91B16) Functional equations for real functions (39B22) Probabilistic games; gambling (91A60)

Cited In (8)

• The utility of gambling reconsidered
• A comparison of five models that predict violations of first-order stochastic dominance in risky decision making
• On elements of chance
• Utility of gambling under p(olynomial)-additive joint receipt and segregation or duplex decomposition
• The normalized expected utility -- entropy and variance model for decisions under risk
• A process approach to the utility for gambling
• Purity, resistance, and innocence in utility theory
• Gambling with the house money in capital expenditure decisions: An experimental analysis

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