6. State Independence

  1. Giovanni Parmigiani1 and
  2. Lurdes Y. T. Inoue2

Published Online: 1 DEC 2010

DOI: 10.1002/9780470746684.ch6

Decision Theory

Decision Theory

How to Cite

Parmigiani, G. and Inoue, L. Y. T. (2009) State Independence, in Decision Theory, John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9780470746684.ch6

Author Information

  1. 1

    Johns Hopkins University, Baltimore, USA

  2. 2

    University of Washington, Seattle, USA

Publication History

  1. Published Online: 1 DEC 2010
  2. Published Print: 17 APR 2009

Book Series:

  1. Wiley Series in Probability and Statistics

Book Series Editors:

  1. Walter A. Shewhart and
  2. Samuel S. Wilks

ISBN Information

Print ISBN: 9780471496571

Online ISBN: 9780470746684

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Keywords:

  • Savage's theory providing - axiomatization that yields unique probabilities and utilities;
  • horse lotteries;
  • state-dependent utilities;
  • state-independent utilities;
  • payoffs for six horse lotteries in dollar/yen example;
  • Anscombe–Aumann representation theorem

Summary

This chapter contains sections titled:

  • Horse lotteries

  • State-dependent utilities

  • State-independent utilities

  • Anscombe–Aumann representation theorem

  • Exercises