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A simple axiomatization and constructive representation proof for Choquet Expexted Utility

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  • Chateauneuf, Alain
  • Eichberger, Jürgen
  • Grant, Simon

Abstract

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

Suggested Citation

  • Chateauneuf, Alain & Eichberger, Jürgen & Grant, Simon, 2003. "A simple axiomatization and constructive representation proof for Choquet Expexted Utility," Papers 03-26, Sonderforschungsbreich 504.
    • Handle: RePEc:mnh:spaper:2759
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    Cited by:

    1. 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.
    2. 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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