The SSB functional is interpreted as the difference between two probabilities. This interpretation allows one to represent preference relationships with no use of a utility function and agrees with a recent interpretation of expected utility advanced by Castagnoli and Li Calzi.
On SSB Utility Theory
Cigola, Margherita;Modesti, Paola
1996
Abstract
The SSB functional is interpreted as the difference between two probabilities. This interpretation allows one to represent preference relationships with no use of a utility function and agrees with a recent interpretation of expected utility advanced by Castagnoli and Li Calzi.
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