Great expectations. Part II: Generalized expected utility as a universal decision rule
AbstractMany different rules for decision making have been introduced in the literature. We show that a notion of generalized expected utility proposed in 'Great Expectations. Part I' is a universal decision rule, in the sense that it can represent essentially all other decision rules.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 0411004.
Length: 21 pages
Date of creation: 05 Nov 2004
Date of revision:
Note: Type of Document - pdf; pages: 21. Appears in Artificial Intelligence, vol. 159, numbers 1,2, 2004, pp. 207-230
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Find related papers by JEL classification:
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-11-22 (All new papers)
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Game Theory and Information
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