Decision making by imprecise probabilities and utilities by means of statistical preference and stochastic dominance

Ignacio Montes, Enrique Miranda, Susana Montes

Abstract: A problem of decision making under uncertainty in which the choice must be made between two sets of alternatives instead of two single ones is considered. A number of choice rules are proposed and their main properties are investigated, focusing particularly on the generalizations of stochastic dominance and statistical preference. The particular cases where imprecision is present in the utilities or in the beliefs associated to two alternatives are considered.