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Behavioral Decision Theory pp 63–73Cite as

Axioms and Counterexamples Expected Utility Theory

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Abstract

Chapter 5 explained the relevance between the initial idea of expected utility theory and psychology and introduced some studies of utility measurement based on expected utility theory. This chapter will first explain the axiomatic system of expected utility theory, then how to approach the axiomatic system, with introduction of some counterexamples.

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Authors and Affiliations

  1. Department of Psychology, Waseda University, 1-24-1 Toyama, Shinjuku-ku, Tokyo, 108-8345, Japan

    Professor Kazuhisa Takemura

Authors
  1. Professor Kazuhisa Takemura
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Takemura, K. (2014). Axioms and Counterexamples Expected Utility Theory. In: Behavioral Decision Theory. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54580-4_6

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