Utility as an Additive Set Function

Published Online:https://doi.org/10.1287/moor.17.4.910

Foundations for additive models of subset evaluation are stated by axioms for a preference relation on a family S of subsets of X that cover X. The axiomatizations include cases in which S is arbitrary, S contains only finite subsets of X, and S is the set of all subsets of X. Expected utility with subsets as outcomes is also considered.

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