Expected utility without continuity: A comment on Delbaen et al. (2011)

B-Tier
Journal: Journal of Mathematical Economics
Year: 2013
Volume: 49
Issue: 1
Pages: 28-30

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

This paper presents preference axiomatizations of expected utility for nonsimple lotteries while avoiding continuity constraints. We use results by Fishburn (1975), Wakker (1993), and Kopylov (2010) to generalize results by Delbaen et al. (2011). We explain the logical relations between these contributions for risk versus uncertainty, and for finite versus countable additivity, indicating what are the most general axiomatizations of expected utility existing today.

Technical Details

RePEc Handle
repec:eee:mateco:v:49:y:2013:i:1:p:28-30
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29