A Theory of Subjective Expected Utility with Vague Preferences.

Abstract

This report shows how notions of vagueness in preferences and judgments of personal probabilities can be accommodated within an axiomatization of subjective expected utility by the use of scaling probabilities and lotteries on consequences. The representation obtained says that the subjective expected utility of one act exceeds the subjective expected utility of a second act whenever the first is preferred to the second. The report also explores the possibility of obtaining this representation without using scaling probabilities.

Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1975
Accession Number
ADA015312

Entities

People

  • Peter C. Fishburn

Organizations

  • Pennsylvania State University

Tags

DTIC Thesaurus Topics

  • Cognition
  • Judgment
  • Mathematics
  • Mental Processes
  • Probability

Readers

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