Utility as an additive set function

Utility as an additive set function

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Article ID: iaor19931373
Country: United States
Volume: 17
Issue: 4
Start Page Number: 910
End Page Number: 920
Publication Date: Nov 1992
Journal: Mathematics of Operations Research
Authors:
Keywords: decision
Abstract:

Foundations for additive models of subset evaluation are stated by axioms for a preference relation on a family S of subsets of X that cover X. The axiomatizations include cases in which S is arbitrary, S contains only finite subsets of X, and S is the set of all subsets of X. Expected utility with subsets as outcomes is also considered.

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