Expected utility with lower probabilities
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Expected utility with lower probabilities. / Hendon, Ebbe; Jacobsen, Hans Jørgen; Sloth, Birgitte; Tranæs, Torben.
I: Journal of Risk and Uncertainty, Bind 8, Nr. 2, 1994, s. 197-216.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Expected utility with lower probabilities
AU - Hendon, Ebbe
AU - Jacobsen, Hans Jørgen
AU - Sloth, Birgitte
AU - Tranæs, Torben
N1 - JEL clasification: D81
PY - 1994
Y1 - 1994
N2 - An uncertain and not just risky situation may be modeled using so-called belief functions assigning lower probabilities to subsets of outcomes. In this article we extend the von Neumann-Morgenstern expected utility theory from probability measures to belief functions. We use this theory to characterize uncertainty neutrality and different degrees of uncertainty aversion
AB - An uncertain and not just risky situation may be modeled using so-called belief functions assigning lower probabilities to subsets of outcomes. In this article we extend the von Neumann-Morgenstern expected utility theory from probability measures to belief functions. We use this theory to characterize uncertainty neutrality and different degrees of uncertainty aversion
U2 - 10.1007/BF01065372
DO - 10.1007/BF01065372
M3 - Journal article
VL - 8
SP - 197
EP - 216
JO - Journal of Risk and Uncertainty
JF - Journal of Risk and Uncertainty
SN - 0895-5646
IS - 2
ER -
ID: 157248