文章基本信息

标题：Subjective Expected Utility with State-Dependent but Action/Observation-Independent Preferences
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作者：Drèze, Jacques H.
期刊名称：Risks
印刷版ISSN：2227-9091
出版年度：2018
卷号：6
期号：2
页码：1-9
出版社：MDPI, Open Access Journal
摘要：Under state-dependent preferences, probabilities and units of scale of state-dependent utilities are not separately identified. In standard models, only their products matter to decisions. Separate identification has been studied under implicit actions by Drèze or under explicit actions and observations by Karni. This paper complements both approaches and relates them when conditional preferences for final outcomes are independent of actions and observations. That special case permits drastic technical simplification while remaining open to some natural extensions.
关键词：expected utility; state-dependent preferences; subjective probability