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Article
On the Representation of Incomplete Preferences Over Risky Alternatives
Theory and Decision (2008)
  • Paola Manzini, University of St Andrews
Abstract
We study preferences over lotteries which do not necessarily satisfy completeness. We provide a characterization which generalizes Expected Utility theory. We show in particular that various sure-thing axioms are needed to guaranteee the representability in terms of utility intervals rather than numbers, and to provide a linear interval order representation which is very much in the spirit of Expected Utility theory.
Keywords
  • incomplete preference relations,
  • partial orders,
  • interval order
Publication Date
2008
DOI
10.1007/s11238-007-9086-7
Publisher Statement
http://link.springer.com/article/10.1007%2Fs11238-007-9086-7
Citation Information
Paola Manzini. "On the Representation of Incomplete Preferences Over Risky Alternatives" Theory and Decision Vol. 65 Iss. 4 (2008) p. 303 - 323
Available at: http://works.bepress.com/paola-manzini/14/
Creative Commons license
Creative Commons License
This work is licensed under a Creative Commons CC_BY-NC-ND International License.