Axiomatic Theories of Choice, Cardinal Utility and Subjective Probability: a review
Jacques Dreze
Chapter 1 in Allocation under Uncertainty: Equilibrium and Optimality, 1974, pp 3-23 from Palgrave Macmillan
Abstract:
Abstract Most of the papers collected in this volume rely, explicitly or implicitly, upon (i) a formal description of uncertainty situations in terms of the concepts of events, acts and consequences; and (ii) an axiomatic theory of individual choices, which justifies the representation of preferences among acts by their expected utility.
Keywords: Group Decision; Axiomatic Theory; Conditional Preference; Primitive Concept; Commodity Space (search for similar items in EconPapers)
Date: 1974
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DOI: 10.1007/978-1-349-01989-2_1
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