Utility Theory and Decision Theory

Abstract

The conjunction of utility theory and decision theory involves formulations of decision making in which the criteria for choice among competing alternatives are based on numerical representations of the decision agent’s preferences and values. Utility theory as such refers to these representations and to assumptions about preferences that correspond to various numerical representations. Although it is a child of decision theory, utility theory has emerged as a subject in its own right as seen, for example, in the contemporary review by Fishburn ( See Representation of Preferences ). Readers interested in more detail on representations of preferences should consult that entry.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 2 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.