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IJCAI
2003

Great Expectations. Part I: On the Customizability of Generalized Expected Utility

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Great Expectations. Part I: On the Customizability of Generalized Expected Utility
We propose a generalization of expected utility that we call generalized EU (GEU), where a deci­ sion maker's beliefs are represented by plausibil­ ity measures and the decision maker's tastes are represented by general (i.e., not necessarily realvalued) utility functions. We show that every agent, "rational" or not, can be modeled as a GEU max­ imizes We then show that we can customize GEU by selectively imposing just the constraints we want. In particular, by show how of Savage's postulates corresponds to constraints on GEU.
Francis C. Chu, Joseph Y. Halpern
Added 31 Oct 2010
Updated 31 Oct 2010
Type Conference
Year 2003
Where IJCAI
Authors Francis C. Chu, Joseph Y. Halpern
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