Subjective Linear Utility with Conditional Preference Comparisons

  • Peter C. Fishburn
Chapter
Part of the Theory and Decision Library book series (TDLU, volume 31)

Abstract

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.

Keywords

Probability Measure Subjective Probability Preceding Paragraph Measurable Partition Decomposition Form 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1982

Authors and Affiliations

  • Peter C. Fishburn
    • 1
  1. 1.Bell Telephone Laboratories, Inc.Murray HillUSA

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