|
|||||
|
|
How a certain internal consistency entails the expected utility dogma |
|
| Authors: | Paul A Samuelson |
| Institution: | 1. Massachusetts Institute of Technology, Massachusetts |
| Abstract: | If I am  coherent , in the sense that I can always replace any subset of outcomes by their certainty equivalent (occurring with the sum of their probabilities), then I must act according to the dogma of maximizing an Exp {U}, ruling out Machina 1982], Allais 1952], and Ysidro 1950] functionals. |
| Keywords: | expected utility internal consistecy book against self |
| 本文献已被 SpringerLink 等数据库收录！ | |