Preferences for shifts in probabilities and expected utility theory

Authors

  • David Cantala El Colegio de México, A.C.

DOI:

https://doi.org/10.24201/ee.v22i1.147

Keywords:

expected utility theory, cardinality

Abstract

We translate preferences over lotteries into preferences over “shifts in probabilities”. We define the independence axiom for such preferences. Next we construct an expected utility function to represent the preferences and present the corresponding additive geometry.

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Published

2007-01-01

How to Cite

Cantala, D. (2007). Preferences for shifts in probabilities and expected utility theory. Estudios Económicos De El Colegio De México, 22(1), 99–109. https://doi.org/10.24201/ee.v22i1.147
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Issue

43-vol. 22, no. 1, january-june, 2007

Section

Articles

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