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Published in:
1974 | OriginalPaper | Chapter
Axiomatic Theories of Choice, Cardinal Utility and Subjective Probability: a review
Author : Jacques H. Drèze
Published in: Allocation under Uncertainty: Equilibrium and Optimality
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Most of the papers collected in this volume rely, explicitly or implicitly, upon (i) a formal description of uncertainty situations in terms of the concepts of events, acts and consequences; and (ii) an axiomatic theory of individual choices, which justifies the representation of preferences among acts by their expected utility.