(1) University of Nijmegen, Nijmegen Institute for Cognition research and Information technology (NICI), Nijmegen, The Netherlands
Abstract:
The aim of this paper is to convince the reader that Choquet-expected utility, as initiated by Schmeidler (1982, 1989) for decision making under uncertainty, when formulated for decision making under risk naturally leads to anticipated utility, as initiated by Quiggin/Yaari. Thus the two generalizations of expected utility in fact are one.