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A Simple Axiomatization and Constructive Representation Proof for Choquet Expected Utility

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Author Info
Grant, Simon (Rice U)
Chateauneuf, Alain (Universite Paris I)
Eichberger, Jurgen (Universitat Heidelberg)

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Abstract

We provide a simple and intuitive set of axioms that allow for a direct and constructive proof of the Choquet Expected Utility representation for decision making under uncertainty.

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Paper provided by Rice University, Department of Economics in its series Working Papers with number 2002-09.

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Date of creation: Nov 2002
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Handle: RePEc:ecl:riceco:2002-09

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  1. Schmeidler, David, 1989. "Subjective Probability and Expected Utility without Additivity," Econometrica, Econometric Society, vol. 57(3), pages 571-87, May. [Downloadable!] (restricted)
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