We propose the theoretical foundation of an ordinal utility function of moments, representing rational choices under uncertainty, free of any independence axiom and compatible with many paradoxes of choice and behavior, well documented in the literature.
R. Cesari, C. D'Adda (2010). An ordinal utility of moments for decisions under uncertainty. ASIAN JOURNAL OF MATHEMATICS & STATISTICS, VOLUME 3, NUMERO 2, 2010, 52-68.
An ordinal utility of moments for decisions under uncertainty
CESARI, RICCARDO;D'ADDA, CARLO
2010
Abstract
We propose the theoretical foundation of an ordinal utility function of moments, representing rational choices under uncertainty, free of any independence axiom and compatible with many paradoxes of choice and behavior, well documented in the literature.File in questo prodotto:
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