Savagés theorem with a finite number of states

Faruk Gul

Journal of Economic Theory, 1992, vol. 57, issue 1, 99-110

Abstract: Conditions which guarantee the existence of a (subjective) expected utility representation of preferences, when the state space is finite, are presented. The key assumptions are continuity and an analogue of the independence axiom.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:57:y:1992:i:1:p:99-110

DOI: 10.1016/S0022-0531(05)80042-0

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