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This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under uncertainty. The von Neumann-Morgenstern expected utility model with incomplete preferences is revisited using a "constructive" approach, as opposed to earlier treatments that use convex...
Persistent link: https://www.econbiz.de/10010538701
This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under uncertainty. The von Neumann-Morgenstern expected utility model with incomplete preferences is revisited using a "constructive" approach, as opposed to earlier treatments that use convex...
Persistent link: https://www.econbiz.de/10010397796
This paper extends the expected utility models of decision making under risk and under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multi-prior expected multi-utility representations of preference relation under uncertainty, thereby...
Persistent link: https://www.econbiz.de/10010285780
This paper extends the expected utility models of decision making under risk and under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multi-prior expected multi-utility representations of preference relation under uncertainty, thereby...
Persistent link: https://www.econbiz.de/10008689038
This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under uncertainty. The von Neumann-Morgenstern expected utility model with incomplete preferences is revisited using a "constructive" approach, as opposed to earlier treatments that use convex...
Persistent link: https://www.econbiz.de/10009511739
Persistent link: https://www.econbiz.de/10009658731
Persistent link: https://www.econbiz.de/10009719105
Persistent link: https://www.econbiz.de/10010692329
This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under uncertainty. The von Neumann–Morgenstern expected utility model with incomplete preferences is revisited using a “constructive” approach, as opposed to earlier treatments that use...
Persistent link: https://www.econbiz.de/10011065134
We examine the implications for social choice of individuals having an intrinsic sense of fairness. Taking the viewpoint that social justice reflects the moral attitudes of the constituent members, we analyze the effect of the intensity of the individual sense of fairness on university admission...
Persistent link: https://www.econbiz.de/10005265287