Chapter 1. Axiomatic Foundations of Expected Utility and Subjective Probability

This chapter provides a critical review of the theories of decision making under risk and under uncertainty and the notion of choice-based subjective probabilities. It includes formal statements and discussions of the various models, including their analytical frameworks, the corresponding axiomatic foundations, and the representations.

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Year of publication:	2014
Authors:	Karni, Edi
Published in:	Handbook of the economics of risk and uncertainty : volume 1. - Amsterdam : Elsevier, North-Holland, ISBN 978-0-444-53686-0. - 2014, p. 1-39
Subject:	Expected Utility Theory \| Subjective Expected Utility Theory \| Subjective Probabilities \| Incomplete Preferences \| Bayesianism \| Erwartungsnutzen \| Expected utility \| Entscheidungstheorie \| Decision theory \| Wahrscheinlichkeitsrechnung \| Probability theory \| Nutzen \| Utility \| Erwartungsbildung \| Expectation formation \| Präferenztheorie \| Theory of preferences \| Entscheidung \| Decision \| Entscheidung unter Unsicherheit \| Decision under uncertainty

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-444-53685-3.00001-5 [DOI]
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014025531