Accession Number:

ADA012421

Title:

Utility Induced Subjective Probability.

Descriptive Note:

Technical rept.,

Corporate Author:

NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF

Personal Author(s):

Report Date:

1975-01-01

Pagination or Media Count:

33.0

Abstract:

The well known principle that subjective probabilities are determined from preference comparisons among finite compound lotteries is extended to a more general framework. Several assumptions made in the earlier work have been shown to be unnecessary. Applications to a variety of situations, including statistical decision problems, are discussed.

Subject Categories:

  • Psychology
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE