haku: @author Kadane, J. B. / yhteensä: 5
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| Tekijä: | Schervish, M. S. Seidenfeld, T. Kadane, J. B. |
| Otsikko: | Shared performances and state-dependent utilities. |
| Lehti: | Management Science
1991 : DEC, VOL. 37:12, p. 1575-1589 |
| Asiasana: | UTILITY THEORY |
| Kieli: | eng |
| Tiivistelmä: | Two questions for expected utility theory are combined: When do the shared preferences among expected utility maximizers conform to the dictates of expected utility? And what is the impact on extended utility theory of allowing preferences for prices to be state dependent? Very restrictive necessary and sufficient conditions are established for the existence of a Pareto, Beyesian compromise of preferences between two Bayesian agents, even when utilities are permitted to be state dependent and identifiable. A subsidiary theme is a decision theoretic analysis of common rules for "pooling" expert probabilities. |
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