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Journal Articles Journal of Mathematical Economics Year : 1992

Dominance conditions in non-additive expected utility theory

Abstract

In order to explain the Ellsberg paradox, a non-additive expected utility has recently been proposed. In this paper we determine dominance conditions for non-additive expected utilities. In the univariate case all the well-known stochastic dominance theorems can be extended to the non-additive framework, whereas in the multivariate case the generalization applies only to those results that assume a weak preference ordering or do not require extension to linear combinations of utilities.

Dates and versions

hal-00541998 , version 1 (01-12-2010)

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Marco Scarsini. Dominance conditions in non-additive expected utility theory. Journal of Mathematical Economics, 1992, vol. 21, N°2, pp. 173-184. ⟨10.1016/0304-4068(92)90009-V⟩. ⟨hal-00541998⟩

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