Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1962, Volume 30, Issue 3

Utility Theory without the Completeness Axiom

https://doi.org/0012-9682(196207)30:3<445:UTWTCA>2.0.CO;2-Z
p. 445-462

Robert J. Aumann

A utility theory is developed that parallels the von Neumann-Morgenstern utility theory, but makes no use of the assumption that preferences are complete (i.e., that any two alternatives are comparable).


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