Utility of gambling I: Entropy-modified linear weighted utility

Luce, RD; Ng, CT; Marley, AA; Aczel, J

Utility of gambling I: Entropy-modified linear weighted utility

Luce, RD Ng, CT Marley, AA Aczel, J

Permalink

Publisher:: Springer-Verlag
Publication Type:: Journal Article
Citation:: Economic Theory, 2008, 36 (1), pp. 1 - 33
Issue Date:: 2008-01

Closed Access

	Filename	Description	Size
	2010000426OK.pdf		378.56 kB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Luce, RD	en_US
dc.contributor.author	Ng, CT	en_US
dc.contributor.author	Marley, AA	en_US
dc.contributor.author	Aczel, J	en_US
dc.date.issued	2008-01	en_US
dc.identifier.citation	Economic Theory, 2008, 36 (1), pp. 1 - 33	en_US
dc.identifier.issn	0938-2259	en_US
dc.identifier.uri	http://hdl.handle.net/10453/15706
dc.description.abstract	Behavioral axioms about preference orderings among gambles and their joint receipt lead to numerical representations consisting of a subjective utility term plus a term depending upon the events and the subjective weights. The results here are for uncertain alternatives, in much the same sense as Savages usage. Several open problems are described. Results for the risky case are in a second article.	en_US
dc.publisher	Springer-Verlag	en_US
dc.relation.ispartof	Economic Theory	en_US
dc.relation.isbasedon	10.1007/s00199-007-0260-5	en_US
dc.subject.classification	Economic Theory	en_US
dc.title	Utility of gambling I: Entropy-modified linear weighted utility	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	36	en_US
utslib.for	1401 Economic Theory	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1403 Econometrics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Strength - CENSOC - Study of Choice
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.issue	1	en_US
pubs.volume	36	en_US

Abstract:

Behavioral axioms about preference orderings among gambles and their joint receipt lead to numerical representations consisting of a subjective utility term plus a term depending upon the events and the subjective weights. The results here are for uncertain alternatives, in much the same sense as Savages usage. Several open problems are described. Results for the risky case are in a second article.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/15706