Abstract
We survey Fishburn's skew-symmetric bilinear (SSB) theory of risky choice under nonlinear and potentially nontransitive preferences and apply the states-additive special case in the context of decision analysis, showing that tractable characterizations of optimal choices are obtainable via linear programming once the decision has been expressed in normal (i.e., tabular) form. If preferences are transitive, they are also linear and representable by von Neumann-Morgenstern utility, in which case optimal choices may be obtained by the familiar recursion analysis of the extensive (i.e., tree) form.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
