A Note on Utility in Case-Based Decision Theory

Itzhak Gilboa and David Schmeidler

Working Papers from Tel Aviv

Abstract: This note provides an axiomatic derivation of a case-based decision rule. It shows that, if preferences orders over available acts in various contexts satisfy certain consistency requirements, then these orders can be numerically represented by maximizationof a similarity-weighted utility function.

Keywords: DECISION MAKING; UTILITY FUNCTION (search for similar items in EconPapers)
JEL-codes: D00 D80 (search for similar items in EconPapers)
Pages: 10 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:31-99

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