Annals of Operations Research

, Volume 19, Issue 1, pp 359–373 | Cite as

Anticipated utility: A measure representation approach

  • Uzi Segal
Part IV New Results In Nonlinear Preference Theory


This paper presents axioms which imply that a preference relation over lotteries can be represented by a measure of the area above the distribution function of each lottery. A special case of this family is the anticipated utility functional. One additional axiom implies this theory. This functional is then extended for the case of vectorial prizes.


Distribution Function Preference Relation Representation Approach Measure Representation Additional Axiom 
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Copyright information

© J.C. Baltzer AG, Scientific Publishing Company 1989

Authors and Affiliations

  • Uzi Segal
    • 1
  1. 1.Department of EconomicsUniversity of TorontoTorontoCanada

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