Anticipated utility: A measure representation approach

Uzi Segal*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


This paper presents axioms which imply that a preference relation over lotteries can be represented by a measure of the area above the distribution function of each lottery. A special case of this family is the anticipated utility functional. One additional axiom implies this theory. This functional is then extended for the case of vectorial prizes.

Original languageEnglish
Pages (from-to)359-373
Number of pages15
JournalAnnals of Operations Research
Issue number1
StatePublished - Dec 1989
Externally publishedYes


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