2023/06/06 by Nimrod Megiddo, Megiddo, Nimrod
Decision Sciences · #Artificial Intelligence (cs.AI) #Decision-Making and Behavioral Economics #FOS: Computer and information sciences #FOS: Mathematics #Probability (math.PR)
paper · pdf · doi:10.48550/arxiv.2306.03842
openalex publication_date 2023/06/06 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
The use of von Neumann -- Morgenstern utility is examined in the context of multiple choices between lotteries. Different conclusions are reached if the choices are simultaneous or sequential. It is demonstrated that utility cannot be additive.