Savage's subjective expected utility model

2008/04/25 by Edi Karni · 1 citation
Decision Sciences · #Decision-Making and Behavioral Economics

paper · doi:10.1057/9780230226203.1474

openalex publication_date 2008/04/25 · openalex created_date 2025/10/10 · openalex updated_date 2026/02/24

Abstract

This article reviews Savage’s subjective expected utility theory and takes a critical view of the corresponding concept of subjective probabilities as a representation of decision makers’ beliefs.

Cited by

• Subjective expected utility [wikipedia]

Related

• A Savage-Like Axiomatization for Nonstandard Expected Utility
• Non-Classical Expected Utility Theory
• Expected Qualitative Utility Maximization
• Decision Making under Uncertainty: An Experimental Study in Market Settings
• Savage, de Finetti, and the making of The Foundations of Statistics , 1949–1954