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A Simple Axiomatization and Constructive Representation Proof for Choquet Expected Utility

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  • Grant, Simon

    (Rice U)

  • Chateauneuf, Alain

    (Universite Paris I)

  • Eichberger, Jurgen

    (Universitat Heidelberg)

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.

Suggested Citation

  • Grant, Simon & Chateauneuf, Alain & Eichberger, Jurgen, 2002. "A Simple Axiomatization and Constructive Representation Proof for Choquet Expected Utility," Working Papers 2002-09, Rice University, Department of Economics.
    • Handle: RePEc:ecl:riceco:2002-09
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    References listed on IDEAS

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    1. Schmeidler, David, 1989. "Subjective Probability and Expected Utility without Additivity," Econometrica, Econometric Society, vol. 57(3), pages 571-587, May.
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    2. Frederik S. Herzberg, 2013. "The (im)possibility of collective risk measurement: Arrovian aggregation of variational preferences," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(1), pages 69-92, May.
    3. Federica Ceron & Vassili Vergopoulos, 2021. "On stochastic independence under ambiguity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 925-960, April.

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