Subjective Linear Utility with Conditional Preference Comparisons
We conclude Part II with an approach to subjective linear utility that differs significantly from the approach of preceding chapters. Previously, an act was viewed as a function from the set S of states into mixture sets, with f (s) the entity — such as a lottery on consequences — assigned by act f to state s. The present approach views acts as primitives and not as functions on the states. Intuitively, we shall think of acts in a natural way as the courses of action an individual is to choose among in his uncertain situation.
KeywordsProbability Measure Subjective Probability Preceding Paragraph Measurable Partition Decomposition Form
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