A simple tool for qualitatively testing, quantitatively measuring, and normatively justifying Savage's subjective expected utility

DOI10.1023/B:RISK.0000016140.72468.f7zbMath1097.91507MaRDI QIDQ1430242

Peter P. Wakker, Veronika Köbberling

Publication date: 27 May 2004

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

zbMATH Keywords

expected utilitytradeoff consistencycardinal utilitystrength of preference

Mathematics Subject Classification ID

Utility theory (91B16) Individual preferences (91B08)

Related Items (8)

Reconciling introspective utility with revealed preference: experimental arguments based on prospect theory ⋮ Regret theory: a new foundation ⋮ Consistent probability attitudes ⋮ Subjective expected utility without preferences ⋮ Reference-dependent utility with shifting reference points and incomplete preferences ⋮ Combining additive representations on subsets into an overall representation ⋮ Utility in case-based decision theory ⋮ Loss averse behavior

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