On the Representation of Incomplete Preferences Over Risky AlternativesTheory and Decision (2008)
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.
- incomplete preference relations,
- partial orders,
- interval order
Citation InformationPaola 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/
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