Abstract
An axiomatization proposed by Coombs 1974 is shown to be insufficient for the representation of gambles in a risk × expected value space as described by Portfolio Theory. A new axiom system is given which is necessary and sufficient for this representation, and which implies the old axiomatization.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 14-20 |
| Number of pages | 7 |
| Journal | Journal of Mathematical Psychology |
| Volume | 17 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 1978 |
ASJC Scopus subject areas
- Psychology(all)
- Applied Mathematics
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Cite this
van Santen, J. P. H. (1978). A new axiomatization of portfolio theory. Journal of Mathematical Psychology, 17(1), 14-20. https://doi.org/10.1016/0022-2496(78)90033-0