Spinu, Vitalie; Wakker, Peter P. - In: Journal of Mathematical Economics 49 (2013) 1, pp. 28-30
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...
