Expected Scott-Suppes utility representation
JOURNAL OF MATHEMATICAL PSYCHOLOGY, cilt.86, ss.30-40, 2018 (SCI-Expanded, SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 86
- Basım Tarihi: 2018
- Doi Numarası: 10.1016/j.jmp.2018.08.001
- Dergi Adı: JOURNAL OF MATHEMATICAL PSYCHOLOGY
- Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus
- Sayfa Sayıları: ss.30-40
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Orta Doğu Teknik Üniversitesi Adresli: Hayır
Özet
We provide an axiomatic characterization for an expected Scott-Suppes utility representation. Such a characterization is the natural analog of the von Neumann-Morgenstern expected utility theorem for semiorders and it is noted as an open problem by Fishburn (1968). Expected Scott-Suppes utility representation is analytically tractable and can be used in applications that study preferences with intransitive indifference under uncertainty. Our representation offers a decision-theoretical interpretation for epsilon equilibrium as well. (C) 2018 Elsevier Inc. All rights reserved.