On the utility of gambling: Extending the approach of Meginniss (1976)

DOI10.1007/s00010-008-2931-0zbMath1175.91063OpenAlexW2051696423WikidataQ57086468 ScholiaQ57086468MaRDI QIDQ998745

Anthony A. J. Marley, R. Duncan Luce, Che Tat Ng

Publication date: 29 January 2009

Published in: Aequationes Mathematicae (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00010-008-2931-0

zbMATH Keywords

entropyfunctional equationsexpected utilityutility of gamblinggamble decomposition

Mathematics Subject Classification ID

Utility theory (91B16) Functional equations for real functions (39B22) Measures of information, entropy (94A17) Probabilistic games; gambling (91A60)

Related Items (4)

The normalized expected utility -- entropy and variance model for decisions under risk ⋮ Purity, resistance, and innocence in utility theory ⋮ Utility of gambling under p(olynomial)-additive joint receipt and segregation or duplex decomposition ⋮ A comparison of five models that predict violations of first-order stochastic dominance in risky decision making

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