Utility induced subjective probability
By: by D. R. Barr and F. R. Richards
Contributors: Richards, Francis Russell; Naval Postgraduate School (U.S.)
Publisher: Naval Postgraduate School
Published: 1975
Place of publication: Monterey, Calif
Language: eng
Number of pages: 32
Subjects: Statistical decision; Utility theory
Description: The well known principle that subjective probabilities are determined from preference comparisons among finite compound lotteries is extended to a more general framework. Several assumptions made in the earlier work have been shown to be unnecessary. Applications to a variety of situations, including statistical decision problems, are discussed.
Notes: Title from cover.

"January 1975"--Cover.

"NPS55BN75011"--Cover.

DTIC Descriptors: subjective probabilities, utility theory, preferences.

Author(s) subject terms: utility, decision theory, subjective probability, Bayesian inference.

Includes bibliographical references (p. 31).

"Approved for public release; distribution unlimited"--Cover.

Technical report; 1975.

ck/ 7/30/09.