Piecewise additivity for non-expected utility
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| 024 | 7 | 0 | |a 10.1007/s00199-015-0871-1 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s00199-015-0871-1 | ||
| 100 | 1 | |a Webb |D Craig |u Economics, School of Social Sciences, The University of Manchester, Oxford Road, M13 9PL, Manchester, UK |4 aut | |
| 245 | 1 | 0 | |a Piecewise additivity for non-expected utility |h [Elektronische Daten] |c [Craig Webb] |
| 520 | 3 | |a A model of choice under purely subjective uncertainty, Piecewise Additive Choquet Expected utility, is introduced. PACE utility allows for optimism and pessimism simultaneously, but represents a minimal departure from expected utility. It can be seen as a continuous version of NEO-expected utility (Chateauneuf et al. in J Econ Theory 137:538-567, 2007) and, as such, is especially suited for applications with rich state spaces. The main theorem provides a preference foundation for PACE utility in the Savage framework of purely subjective uncertainty with an arbitrary outcome set. | |
| 540 | |a Springer-Verlag Berlin Heidelberg, 2015 | ||
| 690 | 7 | |a Optimism |2 nationallicence | |
| 690 | 7 | |a Pessimism |2 nationallicence | |
| 690 | 7 | |a Inverse-S |2 nationallicence | |
| 690 | 7 | |a Choquet expected utility |2 nationallicence | |
| 690 | 7 | |a NEO-additive capacities |2 nationallicence | |
| 690 | 7 | |a Probabilistic sophistication |2 nationallicence | |
| 773 | 0 | |t Economic Theory |d Springer Berlin Heidelberg |g 60/2(2015-10-01), 371-392 |x 0938-2259 |q 60:2<371 |1 2015 |2 60 |o 199 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s00199-015-0871-1 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s00199-015-0871-1 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 100 |E 1- |a Webb |D Craig |u Economics, School of Social Sciences, The University of Manchester, Oxford Road, M13 9PL, Manchester, UK |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Economic Theory |d Springer Berlin Heidelberg |g 60/2(2015-10-01), 371-392 |x 0938-2259 |q 60:2<371 |1 2015 |2 60 |o 199 | ||