Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2011
utility representation. We show that there is a continuum of other \expected utility" representations in which for any act … of our results is that the large body of existing research based on expected utility can, with a simple reinterpretation …Savage (1954) provides axioms on preferences over acts that are equivalent to the existence of a subjective expected …