Linear utility theory for belief functions

  • Authors:
  • Jean-Yves Jaffray

  • Affiliations:
  • Université P. et M. Curie (Paris 6), 4 Place Jussieu, 75005 Paris, France

  • Venue:
  • Operations Research Letters
  • Year:
  • 1989

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Abstract

In uncertainty situations where knowledge is described by a Dempster-Shafer belief function (which is more general than a probability measure), von Neumann-Morgenstern linear utility theory applies and leads to a generalized expected utility representation of preference which allows for risk-attitude and ambiguity-attitude (pessimism/optimism).