Expected Scott–Suppes utility representation

We provide an axiomatic characterization for an expected Scott–Suppes utility representation. Such a characterization is the natural analog of the von Neumann–Morgenstern expected utility theorem for semiorders and it is noted as an open problem by Fishburn (1968). Expected Scott–Suppes utility repr...

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Bibliographic Details
Main Authors: Dalkıran, N.A (Author), Dokumacı, O.E (Author), Kara, T. (Author)
Format: Article
Language:English
Published: Academic Press Inc. 2018
Subjects:
Online Access:View Fulltext in Publisher
LEADER 01262nam a2200217Ia 4500
001 10.1016-j.jmp.2018.08.001
008 220706s2018 CNT 000 0 und d
020 |a 00222496 (ISSN) 
245 1 0 |a Expected Scott–Suppes utility representation 
260 0 |b Academic Press Inc.  |c 2018 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1016/j.jmp.2018.08.001 
520 3 |a We provide an axiomatic characterization for an expected Scott–Suppes utility representation. Such a characterization is the natural analog of the von Neumann–Morgenstern expected utility theorem for semiorders and it is noted as an open problem by Fishburn (1968). Expected Scott–Suppes utility representation is analytically tractable and can be used in applications that study preferences with intransitive indifference under uncertainty. Our representation offers a decision-theoretical interpretation for epsilon equilibrium as well. © 2018 Elsevier Inc. 
650 0 4 |a Expected utility 
650 0 4 |a Intransitive indifference 
650 0 4 |a Scott–Suppes representation 
650 0 4 |a Semiorder 
650 0 4 |a Uncertainty 
700 1 |a Dalkıran, N.A.  |e author 
700 1 |a Dokumacı, O.E.  |e author 
700 1 |a Kara, T.  |e author 
773 |t Journal of Mathematical Psychology