CHOQUET EXPECTED UTILITY WITH A FINITE-STATE SPACE - COMMUTATIVITY AND ACT-INDEPENDENCE
成果类型：
Note
署名作者：
CHEW, SH; KARNI, E
署名单位：
Johns Hopkins University
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
发表日期：
1994
页码：
469-479
关键词：
摘要：
In this paper we establish the equivalence of act-independence and commutativity and the equivalence of comonotonic act-independence and comonotonic commutativity under mild conditions. As a result, using a theorem of Nakamura, we obtain an axiomatization of subjective expected utility and Choquet expected utility with a finite state space based on act-independence and comonotonic act-independence, respectively.