Weighted utility theory with incomplete preferences

被引:3
作者
Karni, Edi [1 ]
Zhou, Nan [2 ]
机构
[1] Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA
[2] Johns Hopkins Univ, Adv Acad Programs, Baltimore, MD 21218 USA
关键词
Incomplete preferences; Weighted utility theory; Multiple weighted expected utility representation; EXPECTED UTILITY; DUAL THEORY; CHOICE;
D O I
10.1016/j.mathsocsci.2021.05.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper axiomatizes the representations of weighted utility theory with incomplete preferences. These include the general multiple weighted utility representation as well as special cases of multiple utilities or multiple weights only. Some behavioral implications are explored in the context of a portfolio selection problem, which illustrates the potential applicability of such models to a range of problems. (C) 2021 Elsevier B.V. All rights reserved.
引用
收藏
页码:116 / 135
页数:20
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