choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …

more essential paradigm. The basis for this deeper theory is empirical (cardinal and measurable) instant utility (feeling … state, Dolan [2002]) - the time derivative of utility (satisfaction). Immediate benefits could include: Reconciling … theory could now be derived from deeper instant utility theory, the several branches may be unified in an overarching …

Consider a subjective expected utility preference relation. It is usually held that the representations with which this … relation is compatible differ only in one respect, namely, the possible scales for the measurement of utility. In this paper, I … existence is that the standard axiomatizations of subjective expected utility fail to provide the measurement of subjective …

refutation of the expected utility hypothesis, and more specifically of the condition of von Neumann-Morgenstern independence …

game theory. In our more general framework, we prove the insufficiency of the von Neumann Morgenstern utility, because it … is not uniquely defined. Relating utility to the time evolution of strategies, we show that utility can be uniquely … defined by the Hamiltonian operator. Under Rawls' "veil of ignorance" and "first principle of justice", we show that utility …

--Morgenstern utility. We extend the entropy observable using the ensemble of statistical physics to derive a number of important functional …

It is widely held that under ordinal utility, utility differences are ill-defined. Allegedly, for these to be well … of the traditional binary relations underlying ordinal utility functions. Correlatively, it is also widely held that the … would be, in a nutshell, the hallmark of cardinal utility. While much is obviously true in these two tenets, this note …