Expected Utility with Lower Probabilities.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 1994
Volume: 8
Issue: 2
Pages: 197-216

Authors (4)

Hendon, Ebbe (not in RePEc) Jacobsen, Hans JØrgen (not in RePEc) Sloth, Birgitte (not in RePEc) TranÆs, Torben (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

An uncertain and not just risky situation may be modeled using so-called belief functions assigning lower probabilities to subsets of outcomes. In this article we extend the von Neumann-Morgenstern expected utility theory from probability measures to belief functions. We use this theory to characterize uncertainty neutrality and different degrees of uncertainty aversion. Coauthors are Hans Jorgen Jacobsen, Birgitte Sloth, and Torben Tranaes. Copyright 1994 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:8:y:1994:i:2:p:197-216
Journal Field
Theory
Author Count
4
Added to Database
2026-01-29