Browsing by Subject "Expected Utility"
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Item Open Access Intransitive indifference under uncertainty(2017-07) Dokumacı, Oral ErsoyWe study preferences with intransitive indifference under uncertainty. Our primitive objects are semiorders and we are interested in their Scott-Suppes representations. We obtain a Scott-Suppes representation theorem in the spirit of the celebrated expected utility theorem of von Neumann and Morgenstern (1944).