Authors
Citation
Pc. Fishburn et Ih. Lavalle, SUBJECTIVE EXPECTED LEXICOGRAPHIC UTILITY WITH INFINITE STATE SETS, Journal of mathematical economics, 30(3), 1998, pp. 323-346
Citations number
21
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics,Mathematics,Mathematics
Journal title
ISSN journal
03044068
Volume
30
Issue
3
Year of publication
1998
Pages
323 - 346
Database
ISI
SICI code
0304-4068(1998)30:3<323:SELUWI>2.0.ZU;2-O
Abstract
This paper extends a theory of subjective expected lexicographic utili
ty for decision under uncertainty with finite state sets to an infinit
e state set S. Prior axioms yield a lexicographic utility representati
on with matrix probabilities for preferences between mixtures of acts
that are constant on finite partitions of S. Two new axioms extend the
lexicographic expectation representation to mixtures of all acts. (C)
1998 Elsevier Science S.A. All rights reserved.