Treating the prior as separately 'derivable' misunderstands that Harsanyi's construction is a representation theorem mapping structures into a specific mathematical form, not an inference problem.
?Rate how convincing each reason is below to see the overall strength.
No one has weighed in yet. Be the first to share reasons for or against this statement.
Sign in or register to share your perspective on this statement.
(Decision theory; von Neumann and Morgenstern (1944), Savage (1972))
A theorem showing that every agent with qualitative preferences satisfying a set of rationality postulates can be represented as an expected utility maximizer.