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The Cartographer
A Savage-Like Axiomatization for Nonstandard Expected Utility
January 12, 2017 Β· Declared Dead Β· π arXiv.org
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Authors
Grant Molnar
arXiv ID
1701.03500
Category
cs.AI: Artificial Intelligence
Citations
0
Venue
arXiv.org
Last Checked
4 months ago
Abstract
Since Leonard Savage's epoch-making "Foundations of Statistics", Subjective Expected Utility Theory has been the presumptive model for decision-making. Savage provided an act-based axiomatization of standard expected utility theory. In this article, we provide a Savage-like axiomatization of nonstandard expected utility theory. It corresponds to a weakening of Savage's 6th axiom.
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