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A Note on Utility in Case-Based Decision Theory

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Author Info
Gilboa, I.
Schmeidler, D.

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Abstract

This note provides an axiomatic derivation of a case-based decision rule. It shows that, if preferences orders over available acts in various contexts satisfy certain consistency requirements, then these orders can be numerically represented by maximizationof a similarity-weighted utility function.

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Publisher Info
Paper provided by Tel Aviv in its series Papers with number 31-99.

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Length: 10 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:teavfo:31-99

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Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
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Related research
Keywords: DECISION MAKING ; UTILITY FUNCTION;

Find related papers by JEL classification:
D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
D00 - Microeconomics - - General - - - General

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