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Axioms and Counterexamples Expected Utility Theory

In: Behavioral Decision Theory

Author

Listed:
  • Kazuhisa Takemura

    (Waseda University)

Abstract

Chapter 5 explained the relevance between the initial idea of expected utility theory and psychology and introduced some studies of utility measurement based on expected utility theory. This chapter will first explain the axiomatic system of expected utility theory, then how to approach the axiomatic system, with introduction of some counterexamples.

Suggested Citation

  • Kazuhisa Takemura, 2014. "Axioms and Counterexamples Expected Utility Theory," Springer Books, in: Behavioral Decision Theory, edition 127, chapter 0, pages 63-73, Springer.
    • Handle: RePEc:spr:sprchp:978-4-431-54580-4_6
    DOI: 10.1007/978-4-431-54580-4_6
    as

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