By Enrique Miranda and Marco Zaffalon

Desirability can be understood as an extension of Anscombe and Aumann's Bayesian decision theory to sets of expected utilities. At the core of desirability lies an assumption of linearity of the scale in which rewards are measured. It is a traditional assumption used to derive the expected utility model, which... Show more

November 18, 2022

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Nonlinear desirability theory

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