Expected utility without utility

被引：83

作者：

Castagnoli, E ^{[1
]}

Li Calzi, M ^{[1
]}

机构：

[1] UNIV VENICE, DIPARTIMENTO MATEMAT APPL, I-30123 VENICE, ITALY

来源：

THEORY AND DECISION | 1996年 / 41卷 / 03期

关键词：

expected utility; cardinal utility; benchmark; risk attitude; stochastic dominance;

D O I：

10.1007/BF00136129

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper advances an interpretation of Von Neumann-Morgenstern's expected utility model for preferences over lotteries which does not require the notion of a cardinal utility over prizes and can be phrased entirely in the language of probability. According to it, the expected utility of a lottery can be read as the probability that this lottery outperforms another given independent lottery. The implications of this interpretation for some topics and models in decision theory are considered.

引用

页码：281 / 301

页数：21

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