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Great expectations. Part II: Generalized expected utility as a universal decision rule

Francis C. Chu and Joseph Halpern ()
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Francis C. Chu: Cornell University

Game Theory and Information from EconWPA

Abstract: Many different rules for decision making have been introduced in the literature. We show that a notion of generalized expected utility proposed in 'Great Expectations. Part I' is a universal decision rule, in the sense that it can represent essentially all other decision rules.

JEL-codes: C7 D8 (search for similar items in EconPapers)
Date: 2004-11-05
Note: Type of Document - pdf; pages: 21. Appears in Artificial Intelligence, vol. 159, numbers 1,2, 2004, pp. 207-230
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpga:0411004

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