On the existence of expected multi-utility representations (Q926226)
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scientific article; zbMATH DE number 5279001
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the existence of expected multi-utility representations |
scientific article; zbMATH DE number 5279001 |
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On the existence of expected multi-utility representations (English)
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26 May 2008
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This paper develops the existence of expected multi-utility representations of an affine pre-order. It is shown that when the pre-order in question is bounded this result extends to the set of lotteries that consists of all probabilities on the prize space. A number of theorems and lemmas are presented for theoretical foundation but without any experiments.
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incomplete preference relation
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expected utility
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prize space
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monotone
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risk-averse
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