We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Expected utility theory under non-classical uncertainty.
- Authors
Danilov, V. I.; Lambert-Mogiliansky, A.
- Abstract
In this article, Savage’s theory of decision-making under uncertainty is extended from a classical environment into a non-classical one. The Boolean lattice of events is replaced by an arbitrary ortho-complemented poset. We formulate the corresponding axioms and provide representation theorems for qualitative measures and expected utility. Then, we discuss the issue of beliefs updating and investigate a transition probability model. An application to a simple game context is proposed.
- Subjects
UTILITY theory; DECISION making; PROBABILITY theory; QUALITATIVE research; AXIOMS
- Publication
Theory & Decision, 2010, Vol 68, Issue 1/2, p25
- ISSN
0040-5833
- Publication type
Article
- DOI
10.1007/s11238-009-9142-6