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:C7D8 (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 View list of references