Accession Number : AD0786191

Title :   Separation Theorems and Expected Utilities.

Descriptive Note : Technical rept.,

Corporate Author : PENNSYLVANIA STATE UNIV UNIVERSITY PARK COLL OF BUSINESS ADMINISTRATION

Personal Author(s) : Fishburn,Peter C.

Report Date : SEP 1974

Pagination or Media Count : 32

Abstract : This paper presents a number of separation theorems for linear spaces, then explores the relationships between these theorems and expected utility theory. Three topics in expected utility are discussed: axioms for expected utility; unanimous expectations; and revealed preference and indifference in situations of decision making under risk. (Author)

Descriptors :   *Economic models, *Decision making, *Risk, Linear programming, Game theory, Convex sets, Vector spaces, Boolean algebra, Theorems

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE