Subjective Utility with Upper and Lower Probabilities on Finite States

Yutaka Nakamura

Journal of Risk and Uncertainty, 1993, vol. 6, issue 1, 33-48

Abstract: This article is concerned with thresholds of discrimination of preference judgments under uncertainty. We establish an axiomatic characterization for a threshold representation, where thresholds are represented by inexact measurement of subjective probabilities, i.e., upper and lower probabilities. Since upper and lower probabilities need not be additive, the representational form adopts the Choquet integration. Copyright 1993 by Kluwer Academic Publishers

Date: 1993
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