Construct · 1 fields · 1 citations

Choquet expected utility: a standalone construct

One name. One construct. A landmark on the map.

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Choquetexpected utility1 CONSTRUCTChoquet expected utilitySCHMEIDLER · DECISION THEORY

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Decision theory

a model of choice under uncertainty that replaces additive probabilities with capacities and computes value with a Choquet integral, allowing ambiguity attitudes.

In decision theory, Choquet expected utility refers to a model of choice under uncertainty that replaces additive probabilities with capacities and computes value with a Choquet integral, allowing ambiguity attitudes. This meaning comes from Schmeidler (1989) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

ambiguity5 fields · 6 citationsjingle · one word, five constructsChoquet integral in multicriteria decisions1 fields · 1 citationsanchor · a standalone constructintegral3 fields · 4 citationsjingle · one word, three constructs

References

  1. Schmeidler, D. (1989). Subjective Probability and Expected Utility without Additivity. Econometrica, 57(3), 571. https://doi.org/10.2307/1911053

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