Abstract

This paper extends a theory of subjective expected lexicographic utility for decision under uncertainty with finite state sets to an infinite state set S. Prior axioms yield a lexicographic utility representation with matrix probabilities for preferences between mixtures of acts that are constant on finite partitions of S. Two new axioms extend the lexicographic expectation representation to mixtures of all acts.

Full Text
Paper version not known

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 call

Disclaimer: 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.