Year: 2024
Type: article
Abstract: Savage’s famous representation theorem is based on seven postulates of rational choice. We resolve some loose ends in the literature concerning the relationship between different versions of Savage’s axioms. This leads us to the present form of the representation theorem. We also discuss some issues regarding the historical development of Savage’s representation theorem.
Source: Theory and Decision
Authors: Gabriel Frahm, Lorenz Hartmann
Institutions: Helmut Schmidt University, University of Basel
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $2,990
OpenAlex ID: W4401653272