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Maximizing expected utility and the rule of long run success

In Maurice Allais & Ole Hagen (eds.), Expected Utility Hypotheses and the Allais Paradox. D. Reidel. pp. 203--222 (1979)

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  1. Subjective expected utility theory revisited: A reductio ad absurdum paradox.Paul J. H. Schoemaker - 1992 - Theory and Decision 33 (1):1-21.
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  • Additive representation of separable preferences over infinite products.Marcus Pivato - 2014 - Theory and Decision 77 (1):31-83.
    Let X\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$\mathcal{X }$$\end{document} be a set of outcomes, and let I\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$\mathcal{I }$$\end{document} be an infinite indexing set. This paper shows that any separable, permutation-invariant preference order \documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$$$\end{document} on XI\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$\mathcal{X }^\mathcal{I }$$\end{document} admits an additive representation. That is: there exists a linearly ordered abelian group R\documentclass[12pt]{minimal} (...)
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  • The repetitions approach to characterize cardinal utility.Peter Wakker - 1986 - Theory and Decision 20 (1):33-40.
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  • Approaches to cardinal utility.A. Camacho - 1980 - Theory and Decision 12 (4):359-379.
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  • The scope of the rational choice perspective in sociological research.Olof Dahlbäck - 1995 - Journal for the Theory of Social Behaviour 25 (3):237–261.
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