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Possible risk attitudes - PowerPoint PPT Presentation

CPS 196.2 Utility theory, normal-form games

CPS 196.2 Utility theory, normal-form games. Vincent Conitzer conitzer@cs.duke.edu. Risk attitudes. Which would you prefer? A lottery ticket that pays out $10 with probability .5 and $0 otherwise, or A lottery ticket that pays out $3 with probability 1 How about:

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680 views • 40 slides

Risk attitudes, normal-form games, dominance, iterated dominance

Risk attitudes, normal-form games, dominance, iterated dominance. Vincent Conitzer conitzer@cs.duke.edu. Risk attitudes. Which would you prefer? A lottery ticket that pays out $10 with probability .5 and $0 otherwise, or A lottery ticket that pays out $3 with probability 1 How about:

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399 views • 18 slides

Utility theory

Utility theory. U: O-> R (utility maps from outcomes to a real number) represents preferences over outcomes ~ means indifference We need a way to talk about how preferences interact with uncertainty:

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791 views • 13 slides

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Possible risk attitudes - PowerPoint PPT Presentation

CPS 196.2 Utility theory, normal-form games

Risk attitudes, normal-form games, dominance, iterated dominance

Utility theory