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Decision-making problems with money incomes (losses) based on the combination of the principles of guaranteed and best results

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Abstract

The paper proposes a model of subjective expected utility with respect to the additive probability measure whose formalism is based on the formally logical principles of optimality, unlike the Anscombe–Aumann SEU model defined in behavioristic traditions.

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Article 22 July 2014

Jeffrey Sanford Russell, John Hawthorne & Lara Buchak

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Authors and Affiliations

  1. National University of Kyiv-Mohyla Academy, Kyiv, Ukraine

    V. M. Mikhalevich

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  1. V. M. Mikhalevich
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Correspondence to V. M. Mikhalevich.

Additional information

Translated from Kibernetika i Sistemnyi Analiz, No. 6, November–December, 2012, pp. 85–95.

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Mikhalevich, V.M. Decision-making problems with money incomes (losses) based on the combination of the principles of guaranteed and best results. Cybern Syst Anal 48, 881–889 (2012). https://doi.org/10.1007/s10559-012-9468-x

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  • DOI: https://doi.org/10.1007/s10559-012-9468-x

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