Subjective Expected Utility and Psychological Gambles
Fuente:
arXiv
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| Main Author: | |
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| Format: | Preprint |
| Published: |
2023
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| _version_ | 1866915001991692288 |
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| author | Cassese, Gianluca |
| author_facet | Cassese, Gianluca |
| contents | We obtain an elementary characterization of expected utility based on a representation of choice in terms of psychological gambles, which requires no assumption other than coherence between ex-ante and ex-post preferences. Weaker version of coherence are associated with various attitudes towards complexity and lead to a characterization of minimax or Choquet expected utility. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2307_10328 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | Subjective Expected Utility and Psychological Gambles Cassese, Gianluca General Economics Economics We obtain an elementary characterization of expected utility based on a representation of choice in terms of psychological gambles, which requires no assumption other than coherence between ex-ante and ex-post preferences. Weaker version of coherence are associated with various attitudes towards complexity and lead to a characterization of minimax or Choquet expected utility. |
| title | Subjective Expected Utility and Psychological Gambles |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2307.10328 |