Ranked-Weighted Utilities and Qualitative Convolution

  title={Ranked-Weighted Utilities and Qualitative Convolution},
  author={A. A. J. Marley and Tony},
For gambles—non-numerical consequences attached to uncertain chance events—analogues are proposed for the sum of independent random variables and their convolution. Joint receipt of gambles is the analogue of the sum of random variables. Because it has no unique expansion as a first-order gamble analogous to convolution, a definition of qualitative convolution is proposed. Assuming ranked, weighted-utility representations (RWU) over gains (and, separately, over losses, but not mixtures of both… CONTINUE READING

From This Paper

Topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 13 references

Associative Joint Receipts,

R. Duncan
Economic Theory • 1997

A Theory of Coarse Utility and Its Application to Portfolio Analysis.

68–76. Liu, Liping
Ph.D Dissertation, • 1995

Tests of Hypotheses about Certainty Equivalents and Joint

Cho, Young-Hee, R. Duncan Luce

“ A Note on Deriving Rank - Dependent Utility Using Additive Joint Receipts

John. Quiggin
Journal of Risk and Uncertainty • 1995

“ Tests of Hypotheses about Certainty Equivalents and Joint Receipt of Gambles

Károly. Lajkó
Organizational Behavior and Human Decision Processes • 1995

Errata: see Luce web page at http://www.uci.edu

Mahwah, NJ Lawrence Erlbaum Associates

Similar Papers

Loading similar papers…