Savage's subjective expected utility theory
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
scientific theory
Decision theory |
| gptkbp:alternativeTo |
Classical probability theory
Frequentist probability |
| gptkbp:assumes |
Individuals have subjective probabilities
Individuals have utility functions |
| gptkbp:basisFor |
Expected utility hypothesis
Rational choice theory Subjective probability |
| gptkbp:describes |
Decision making under uncertainty
|
| gptkbp:formedBy |
gptkb:Leonard_J._Savage
|
| gptkbp:hasAxiom |
Savage's axioms
|
| https://www.w3.org/2000/01/rdf-schema#label |
Savage's subjective expected utility theory
|
| gptkbp:influenced |
Behavioral economics
Decision analysis Modern economics |
| gptkbp:introducedIn |
1954
|
| gptkbp:proposedBy |
People maximize subjective expected utility
|
| gptkbp:publishedIn |
gptkb:The_Foundations_of_Statistics
|
| gptkbp:relatedTo |
gptkb:Bayesian_probability
gptkb:Von_Neumann–Morgenstern_utility_theorem |
| gptkbp:bfsParent |
gptkb:Gilboa–Schmeidler_model
|
| gptkbp:bfsLayer |
6
|