A savage-like representation theorem for preferences on multi-acts
Soft Methods for Data Science, 2017•Springer
We deal with a Savage-like decision problem under uncertainty where, for every state of the
world, the consequence of each decision (multi-act) is generally uncertain: the decision
maker only knows the set of possible alternatives where it can range (multi-consequence). A
Choquet expected utility representation theorem for a preference relation on multi-acts is
provided, relying on a state-independent cardinal utility function defined on the (finite) set of
all alternatives.
world, the consequence of each decision (multi-act) is generally uncertain: the decision
maker only knows the set of possible alternatives where it can range (multi-consequence). A
Choquet expected utility representation theorem for a preference relation on multi-acts is
provided, relying on a state-independent cardinal utility function defined on the (finite) set of
all alternatives.
Abstract
We deal with a Savage-like decision problem under uncertainty where, for every state of the world, the consequence of each decision (multi-act) is generally uncertain: the decision maker only knows the set of possible alternatives where it can range (multi-consequence). A Choquet expected utility representation theorem for a preference relation on multi-acts is provided, relying on a state-independent cardinal utility function defined on the (finite) set of all alternatives.
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