Work

Non-classical expected utility theory with application to type indeterminacy

Year: 2007

Type: preprint

Abstract: In this paper we extend Savage's theory of decision-making under uncertainty from a classical environment into a non-classical one. We formulate the corresponding axioms and provide representation theorems for qualitative measures and expected utility. We also propose an application in simple game context in the spirit of Harsanyi.

Source: RePEc: Research Papers in Economics

Authors: V. I. Danilov, Ariane Lambert‐Mogiliansky

Institutions: Central Economics and Mathematics Institute, Paris School of Economics

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1543424183

Cites: 7

Cited by: 1

Related to: 10