Subjective expected utility without preferences

Preprint, Article English OPEN
Bouyssou, Denis; Marchant, Thierry;
(2011)
  • Publisher: Elsevier
  • Journal: issn: 0022-2496
  • Publisher copyright policies & self-archiving
  • Identifiers: doi: 10.1016/j.jmp.2011.08.006
  • Subject: AXIOMATIZATION | MODELS | [SHS.ECO]Humanities and Social Sciences/Economics and Finance | DECISION | Conjoint measurement | UNCERTAINTY | Decision making under uncertainty | Subjective Expected Utility,Conjoint Measurement | AXIOMS | NONADDITIVE PROBABILITIES | Social Sciences | Ordered partitions | Subjective expected utility | RISK | CATEGORIES | PROSPECT-THEORY

This paper proposes a theory of subjective expected utility based on primitives only involving the fact that an act can be judged either "attractive" or "unattractive". We give conditions implying that there are a utility function on the set of consequences and a probab... View more