Utility Induced Subjective Probability.

Abstract

The well known principle that subjective probabilities are determined from preference comparisons among finite compound lotteries is extended to a more general framework. Several assumptions made in the earlier work have been shown to be unnecessary. Applications to a variety of situations, including statistical decision problems, are discussed.

Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1975
Accession Number
ADA012421

Entities

People

  • D. R. Barr
  • F. R. Richards

Organizations

  • Naval Postgraduate School

Tags

DTIC Thesaurus Topics

  • Probability

Readers

  • Mathematical Modeling and Probability Theory.
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.