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The repetitions approach to characterize cardinal utility

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Abstract

Building on previous work of A. Camacho, we give necessary and sufficient conditions for the existence of a cardinal utility function to represent, through summation, a preference relation on sequences of alternatives.

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References

  1. Camacho, A.: 1979, ‘Maximizing Expected Utility and the Rule of Long Run Success’, in Maurice Allais and Ole Hagen (eds.), Expected Utility and the Allais Paradox, D. Reidel, Dordrecht.

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  3. Camacho, A.: 1980, ‘Approaches to Cardinal Utility’, Theory and Decision 12, 359–379.

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  4. Camacho, A., 1982, Societies and Social Decision Functions, D. Reidel, Dordrecht.

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  1. Department of Mathematics, University of Nijmegen, Toernooiveld, 6525 ED, Nijmegen, The Netherlands

    Peter Wakker

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  1. Peter Wakker
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Wakker, P. The repetitions approach to characterize cardinal utility. Theor Decis 20, 33–40 (1986). https://doi.org/10.1007/BF00133634

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  • DOI: https://doi.org/10.1007/BF00133634

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