### Abstract

In this paper, a new concept of probability (I-nonadditive probability), which is partially additive and partially nonadditive, is introduced. By using this concept of probability and the former results of Savage's and Schmeidler's, a model of expected utility with nonadditive probability is formulated.

Original language | English |
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Pages (from-to) | 451-473 |

Number of pages | 23 |

Journal | Journal of Mathematical Economics |

Volume | 23 |

Issue number | 5 |

DOIs | |

Publication status | Published - 1994 |

Externally published | Yes |

### Fingerprint

### Keywords

- Expected utility
- Nonadditive probability

### ASJC Scopus subject areas

- Economics and Econometrics
- Applied Mathematics

### Cite this

**A theory of expected utility with nonadditive probability.** / Oginuma, Takashi.

Research output: Contribution to journal › Article

*Journal of Mathematical Economics*, vol. 23, no. 5, pp. 451-473. https://doi.org/10.1016/0304-4068(94)90027-2

}

TY - JOUR

T1 - A theory of expected utility with nonadditive probability

AU - Oginuma, Takashi

PY - 1994

Y1 - 1994

N2 - In this paper, a new concept of probability (I-nonadditive probability), which is partially additive and partially nonadditive, is introduced. By using this concept of probability and the former results of Savage's and Schmeidler's, a model of expected utility with nonadditive probability is formulated.

AB - In this paper, a new concept of probability (I-nonadditive probability), which is partially additive and partially nonadditive, is introduced. By using this concept of probability and the former results of Savage's and Schmeidler's, a model of expected utility with nonadditive probability is formulated.

KW - Expected utility

KW - Nonadditive probability

UR - http://www.scopus.com/inward/record.url?scp=0042830207&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0042830207&partnerID=8YFLogxK

U2 - 10.1016/0304-4068(94)90027-2

DO - 10.1016/0304-4068(94)90027-2

M3 - Article

AN - SCOPUS:0042830207

VL - 23

SP - 451

EP - 473

JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

SN - 0304-4068

IS - 5

ER -