Valenciano, Federico; Laruelle, Annick - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000
We provide an axiomatic foundation of the expected utility preferences over lotteries on roles in simple superadditive games represented by the two main power indices, the Shapley-Shubik index and the Banzhaf index, when they are interpreted as von Neumann-Morgenstern utility functions. Our...