Table of Contents

14 Alternatives to Expected Utility: Foundations.- 1 Introduction.- 2 Choice Under Risk: The von Neumann-Morgenstern Framework.- 3 Choice Under Uncertainty: The Savage Framework.- 4 Dynamic Choice.- 5 Conclusion.- References.- 15 Alternatives to Expected Utility: Formal Theories.- 1 Introduction.- 2 The General Framework.- 3 Expected Utility Theory.- 4 Generalizations of Expected Utility.- 5 Conclusions.- References.- 16 State-Dependent Utility and Decision Theory.- 1 Technical Summary.- 2 Introduction, Retrospect and Preview.- 3 A General Framework.- 4 Games Against Nature.- 5 Hypothetical Preferences.- 6 Games with Moral Hazard.- 7 Conditional Expected Utility.- 8 Risk Aversion.- 9 Applications: Life Insurance and Value of Life.- 10 Conclusion.- References.- 17 Ranking Sets of Objects.- 1 Introduction.- 2 An Overview.- 3 Complete Uncertainty.- 4 Opportunities.- 5 Sets As Final Outcomes.- 6 Concluding Remarks.- References.- 18 Expected Utility in Non-Cooperative Game Theory.- 1 Introduction and Outline.- 2 Normal Form Invariance.- 3 Objective Probabilities and Best Responses.- 4 Objective Probabilities and Equilibrium.- 5 Perfect and Proper Equilibrium.- 6 Quantal Response Equilibrium.- 7 Beyond Equilibrium.- 8 Subjectively Expected Utility in Game Theory.- 9 Rationalizable Expectations.- 10 Hierarchies of Beliefs.- 11 Trembling Best Responses.- 12 Rationalizable Preferences over Pure Strategies.- 13 Conclusion: Insecure Foundations?.- References.- 19 Utility Theories in Cooperative Games.- 1 Introduction.- 2 Games with Side Payments.- 3 Axiomatic Characterization of Transferable Utility.- 4 Solution Concepts for Games with Side Payments.- 5 Games Without Side Payments and Some Solution Concepts.- References.- 20 Utility in Social Choice.- 1 Introduction.- 2 Welfarism.- 3 Social Welfare Orderings.- 4 Utility Comparisons Using Invariance Transforms.- 5 Utility Comparisons As Meaningful Statements.- 6 Cardinal Measurability and Full Comparability.- 7 Cardinal Measurability and Unit Comparability.- 8 Translation-Scale Measurability.- 9 Ordinal Measurability and Full Comparability.- 10 Ordinal and Cardinal Measurability.- 11 Ratio-Scale Measurability.- 12 Two-Person Situations.- 13 Separability.- 14 Variable-Population Social Choice.- 15 Concluding Remarks.- References.- 21 Interpersonally Comparable Utility.- 1 Introduction and Outline.- 2 Welfare Economics.- 3 Social Choice without Interpersonal Comparisons.- 4 Social Choice with Interpersonal Comparisons.- 5 The Basis of Interpersonal Comparisons.- 6 Interpersonally Comparable Measures of Economic Welfare.- 7 A Generalized Utilitarianism.- 8 Concluding Remarks.- References.- Name Index.

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