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A note on Bernoulli's principle and probability dominance

Marco Scarsini

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Abstract: The concept of beta-dominance proposed by Wrather and Yu (Ref. 1) is shown to be not equivalent to that of expected utilities, which depend on the chosen alternative and the not chosen alternative.

Keywords: Expected utility; regret; probability dominance (search for similar items in EconPapers)
Date: 1985
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Citations: View citations in EconPapers (1)

Published in Journal of Optimization Theory and Applications, 1985, Vol 47, N°1, pp. 109-113. ⟨10.1007/BF00941319⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00542266

DOI: 10.1007/BF00941319

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