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

Preferences for shifts in probabilities and expected utility theory

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  • David Cantala
David Cantala
El Colegio de México, A.C.
DOI: https://doi.org/10.24201/ee.v22i1.147

Published 2007-01-01

Keywords

  • expected utility theory,
  • cardinality

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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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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