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Decompositions. Uncertainty

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Independence, Additivity, Uncertainty

Part of the book series: Studies in Economic Theory ((ECON.THEORY,volume 14))

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Abstract

Agents in an economy, a game, or any other social system make decisions or choose between alternatives. Theories about such decisions or choices often include as an assumption that agents have preferences in the form of a relation on a set of alternatives. A very used special case is that the set of alternatives is a set of functions, that the preferences can be represented by real numbers, and can be decomposed into utility functions and measures, where the preference can be expressed as the expected value of the utility function with respect to the measure.

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© 2003 Springer-Verlag Berlin Heidelberg

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Vind, K. (2003). Decompositions. Uncertainty. In: Independence, Additivity, Uncertainty. Studies in Economic Theory, vol 14. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24757-9_13

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  • DOI: https://doi.org/10.1007/978-3-540-24757-9_13

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-41683-8

  • Online ISBN: 978-3-540-24757-9

  • eBook Packages: Springer Book Archive

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