Axioms and Counterexamples Expected Utility Theory

  • Kazuhisa Takemura


Chapter 5 explained the relevance between the initial idea of expected utility theory and psychology and introduced some studies of utility measurement based on expected utility theory. This chapter will first explain the axiomatic system of expected utility theory, then how to approach the axiomatic system, with introduction of some counterexamples.


Preference Relation Utility Theory Axiomatic System Expected Utility Theory Ambiguity Aversion 
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Copyright information

© Springer Japan 2014

Authors and Affiliations

  • Kazuhisa Takemura
    • 1
  1. 1.Department of PsychologyWaseda UniversityTokyoJapan

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