Abstract
In structuring a decision problem under uncertainty, the uncertain environment may be affected by the choice of an act. In decision analysis, the decision maker provides subjective probabilities and utilities through separate elicitation processes, and then both components are combined together to give an index of his preference over decision alternatives. Based upon this conceptualisation of decision analysis, a constructive approach to act-conditional subjective expected utility theory is proposed. Two utility models have been addressed: the linear utility model and the weighted utility model.
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Xie, Z., French, S. Towards a constructive approach to act-conditional subjective expected utility models. Top 5, 167–186 (1997). https://doi.org/10.1007/BF02568547
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DOI: https://doi.org/10.1007/BF02568547