David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Theory and Decision 49 (2):159-174 (2000)
This essay gives necessary and sufficient conditions for recovering expected utility from choice behavior in several popular models of uncertainty. In particular, these techniques handle a finite state model; a model for which the choice space consists of probability densities and the expected utility representation requires bounded, measurable utility; and a model for which the choice space consists of Borel probability measures and the expected utility representation requires bounded, continuous utility. The key result is the identification of the continuity condition necessary for the revelation of linear utility
|Keywords||Revealed preference Choice space Expected utility Linear utility Continuity condition|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Wesley Cooper (2008). Decision-Value Utilitarianism. Polish Journal of Philosophy 2 (2):39-50.
Marc le Menestrel (2001). A Process Approach to the Utility for Gambling. Theory and Decision 50 (3):249-262.
John Quiggin (2001). Production Under Uncertainty and Choice Under Uncertainty in the Emergence of Generalized Expected Utility Theory. Theory and Decision 51 (2/4):125-144.
Teddy Seidenfeld, Mark J. Schervish & Joseph B. Kadane (2010). Coherent Choice Functions Under Uncertainty. Synthese 172 (1):157 - 176.
Reed Richter (1985). Rationality, Group Choice and Expected Utility. Synthese 63 (2):203 - 232.
David E. Buschena & David Zilberman (1999). Testing the Effects of Similarity on Risky Choice: Implications for Violations of Expected Utility. Theory and Decision 46 (3):253-280.
Hans Lottenbach (1994). Expected Utility and Constrained Maximization: Problems of Compatibility. [REVIEW] Erkenntnis 41 (1):37 - 48.
Robin Pope (2000). Reconciliation with the Utility of Chance by Elaborated Outcomes Destroys the Axiomatic Basis of Expected Utility Theory. Theory and Decision 49 (3):223-234.
Patrick Suppes (1981). The Limits of Rationality. Grazer Philosophische Studien 12:85-101.
Ulrich Schmidt (2001). Lottery Dependent Utility: A Reexamination. Theory and Decision 50 (1):35-58.
Teddy Seidenfeld, Extensions of Expected Utility Theory and Some Limitations of Pairwise Comparisons.
Juan C. Candeal, Juan R. de Miguel & Esteban Induráin (2002). Expected Utility From Additive Utility on Semigroups. Theory and Decision 53 (1):87-94.
Jack Vromen (2010). On the Surprising Finding That Expected Utility is Literally Computed in the Brain. Journal of Economic Methodology 17 (1):17-36.
George Wu (1999). Anxiety and Decision Making with Delayed Resolution of Uncertainty. Theory and Decision 46 (2):159-199.
Pradier Pierre-Charles, David Teira & Jallais Sophie (2008). Facts, Norms and Expected Utility Functions. History of the Human Sciences 21 (2):45-62.
Added to index2010-09-02
Total downloads28 ( #133,969 of 1,789,930 )
Recent downloads (6 months)8 ( #105,284 of 1,789,930 )
How can I increase my downloads?