Abstract
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 language | English |
|---|---|
| Pages (from-to) | 359-373 |
| Number of pages | 15 |
| Journal | Annals of Operations Research |
| Volume | 19 |
| Issue number | 1 |
| DOIs | |
| State | Published - Dec 1989 |
| Externally published | Yes |