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Subjective Linear Utility on Products of Mixture Sets

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

Abstract

In Part II of the book, S is a set of states of the world, and ℐ is a Boolean algebra of subsets of S. We refer to A ∈ ℐ as an event. As usual, ∅ will denote the empty event. In general, we reserve the phrase null event to denote any event that the individual believes to be impossible, i.e. an event that cannot possibly obtain or which the individual feels cannot contain a state that describes the true nature of the world about which the individual is uncertain.

Keywords

Subjective Probability Free Pass Independence Axiom Expected Utility Model Subjective Expected Utility 
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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