Great Expectations. Part I: On the Customizability of Generalized Expected Utility
Proceedings of the Eighteenth International Joint Conference on Artificial Intelligence. Pages 291-295.
Abstract
We propose a generalization of expected utilit_y that we call generalized EU (GEU), where a decision maker's beliefs are represented by plausibility 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 maxImizer. 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.
@inproceedings{ijcai2003p43,
title = {Great Expectations. Part I: On the Customizability of Generalized Expected Utility},
author = {Chu, Francis C. and Halpern, Joseph Y.},
booktitle = {Proceedings of the Eighteenth International Joint Conference on
Artificial Intelligence, {IJCAI-03}},
publisher = {International Joint Conferences on Artificial Intelligence},
editor = {Georg Gottlob},
pages = {291--295},
year = {2003},
url = {https://ijcai.org/proceedings/2003/43},
}
TY - CPAPER TI - Great Expectations. Part I: On the Customizability of Generalized Expected Utility AU - Chu, Francis C. AU - Halpern, Joseph Y. T2 - Proceedings of the Eighteenth International Joint Conference on Artificial Intelligence, IJCAI-03 PB - International Joint Conferences on Artificial Intelligence PY - 2003 SP - 291 EP - 295 UR - https://ijcai.org/proceedings/2003/43 ER -Copied
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