Subjective expected utility without preferences

Denis Bouyssou and Thierry Marchant

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Abstract: This paper proposes a theory of subjective expected utility based on primitives only involving the fact that an act can be judged either "attractive" or "unattractive". We give conditions implying that there are a utility function on the set of consequences and a probability distribution on the set of states such that attractive acts have a subjective expected utility above some threshold. The numerical representation that is obtained has strong uniqueness properties.

Keywords: Subjective Expected Utility; Conjoint Measurement (search for similar items in EconPapers)
Date: 2011-06-14
New Economics Papers: this item is included in nep-evo, nep-gth, nep-mic and nep-upt
Note: View the original document on HAL open archive server: https://hal.science/hal-00606939v1
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Citations: View citations in EconPapers (1)

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Working Paper: Subjective expected utility without preferences (2011)
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