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• W14462173 abstract "Incomplete preferences provide the epistemic foundation for models of imprecise subjective probabilities and utilities that are used in robust Bayesian analysis and in theories of bounded rationality. This paper presents a simple axiomatization of incomplete preferences and characterizes the shape of their representing sets of probabilities and utilities. Deletion of the completeness assumption from the axiom system of Anscombe and Aumann yields preferences represented by a convex set of state-dependent expected utilities, of which at least one must be a probability/utility pair. A strengthening of the state-independence axiom is needed to obtain a representation purely in terms of a set of probability/utility pairs." @default.
• W14462173 created "2016-06-24" @default.
• W14462173 creator A5072932182 @default.
• W14462173 date "2003-01-01" @default.
• W14462173 modified "2023-09-23" @default.
• W14462173 title "The Shape of Incomplete Preferences." @default.
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