Where Luce and Krantz Do Really Generalize Savage's Decision Model

Cite This

Files in this item

Checksum: MD5:f4ba478646a3911abcc1c8a68f97f9f0

SPOHN, Wolfgang, 1977. Where Luce and Krantz Do Really Generalize Savage's Decision Model. In: Erkenntnis. 11(1), pp. 113-134. ISSN 0165-0106. Available under: doi: 10.1007/BF00169847

@article{Spohn1977Where-13675, title={Where Luce and Krantz Do Really Generalize Savage's Decision Model}, year={1977}, doi={10.1007/BF00169847}, number={1}, volume={11}, issn={0165-0106}, journal={Erkenntnis}, pages={113--134}, author={Spohn, Wolfgang} }

eng Where Luce and Krantz Do Really Generalize Savage's Decision Model 2011-10-26T09:25:40Z The aim of the paper is a comparison of the decision models of Savage, Fishburn, Jeffrey and Luce & Krantz. Savage's model turns to represent subjective values and beliefs in a restricted way by implicitly assuming special probabilities for consequences and valuewise independence between world states and consequences. Fishburn's model overcomes both restrictions. The models of Jeffrey and Luce & Krantz are argued to be inadequate because they assume acts to be probabilistically assessed. A reinterpretation of the model of Luce & Krantz and a determination of the (intrinsic) utility function underlying their expected utility function yields the unexpected result that it generalises Savage's model with respect to utilities and not, as intended, with respect to probabilities. terms-of-use First publ. in: Erkenntnis ; 11 (1977), 1. - S. 113-134 Spohn, Wolfgang Spohn, Wolfgang 2011-10-26T09:25:40Z 1977

Downloads since Oct 1, 2014 (Information about access statistics)

spohn_whereluce.pdf 140

This item appears in the following Collection(s)

Search KOPS


Browse

My Account