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Axiomatic Foundations for a Class of Generalized Expected Utility: Algebraic Expected Utility
[article]
2012
arXiv
pre-print
Expected Utility: Algebraic Expected Utility In this paper, we provide two axiomatizations of algebraic expected utility, which is a particular generalized expected utility, in a von Neumann-Morgenstern setting, i.e. uncertainty representation is supposed to be given and here to be described by a plausibility measure valued on a semiring, which could be partially ordered. We show that axioms identical to those for expected utility entail that preferences are represented by an algebraic expected
arXiv:1206.6867v1
fatcat:ludy6ulyg5ggnhlzzmnnul7uba