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      Expected Scott-Suppes utility representation

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      Author(s)
      Dalkıran, Nuh Aygün
      Dokumacı, O. E.
      Kara, Tarık
      Date
      2018
      Source Title
      Journal of Mathematical Psychology
      Print ISSN
      0022-2496
      Electronic ISSN
      1096-0880
      Publisher
      Academic Press
      Volume
      86
      Pages
      30 - 40
      Language
      English
      Type
      Article
      Item Usage Stats
      133
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      29
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      Abstract
      We provide an axiomatic characterization for an expected Scott-Suppes utility representation. Such a characterization is the natural analog of the von Neumann-Morgenstern expected utility theorem for semiorders and it is noted as an open problem by Fishburn (1968). Expected Scott-Suppes utility representation is analytically tractable and can be used in applications that study preferences with intransitive indifference under uncertainty. Our representation offers a decision-theoretical interpretation for epsilon equilibrium as well.
      Keywords
      Expected utility
      Intransitive indifference
      Scott-Suppes representation
      Semiorder
      Uncertainty
      Permalink
      http://hdl.handle.net/11693/49911
      Published Version (Please cite this version)
      https://doi.org/10.1016/j.jmp.2018.08.001
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