Subjective Probabilities and Utility with Even-Dependent Preferences.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 1992
Volume: 5
Issue: 2
Pages: 107-25

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

This article generalizes Savage's theory to include event-dependent preferences. The state space is partitioned into finitely many events. The induced.preferences over consequences are assumed independent of the underlying states within, but not across, these events. This results in an additively separable representation of preferences over acts. The dependence of the preference relation over consequences on the events is represented by event-dependent mappings of the set of consequences onto itself. Given these mappings, the preferences on acts are represented by the expectation of event-dependent utilities on the consequences with respect to unique subjective probabilities on the states. Copyright 1992 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:5:y:1992:i:2:p:107-25
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25