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This paper elicits an additively separable representation of preferences in the Savage framework (where the objects of choice are acts: measurable functions from an infinite set of states to a potentially finite set of consequences). A preference relation over acts is represented by the integral...
Persistent link: https://www.econbiz.de/10005011556
This paper proposes, firstly, a versatile model of awareness and awareness change, and secondly, logics for awareness and awareness change developed using this model.
Persistent link: https://www.econbiz.de/10005011634
It has been noticed that whether a preference relation can be represented by state-independent utilities as opposed to state-dependent utilities may depend on which acts count as constant acts [Schervish et al., 1990]. Indeed, this remark underlies an extension of Savage’s expected utility...
Persistent link: https://www.econbiz.de/10005011693