Article ID: | iaor200916793 |
Country: | Netherlands |
Volume: | 65 |
Issue: | 4 |
Start Page Number: | 271 |
End Page Number: | 284 |
Publication Date: | Dec 2008 |
Journal: | Theory and Decision |
Authors: | Chambers Robert, Melkonyan Tigran |
We develop an algorithm that can be used to approximate a decisionmaker's beliefs for a class of preference structures that includes, among others, a–maximin expected utility preferences, Choquet expected utility preferences, and, more generally, constant additive preferences. For both exact and statistical approximation, we demonstrate convergence in an appropriate sense to the true belief structure.