Note---Rolling Back Decision Trees Requires the Independence Axiom!
AbstractThe Herstein--Milnor independence axiom is a necessary condition for recursion analysis of decisions in extensive (=tree) form.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by INFORMS in its journal Management Science.
Volume (Year): 32 (1986)
Issue (Month): 3 (March)
decision analysis foundations; independence axiom; sure-thing principle;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Oscar Volij, 2002.
"A Remark on Bargaining and Non-Expected Utility,"
Economic theory and game theory
016, Oscar Volij.
- Antoine Nebout, 2012.
"Sequential decision making without independence: a new conceptual approach,"
12-27, LAMETA, Universtiy of Montpellier, revised Sep 2012.
- A. Nebout, 2014. "Sequential decision making without independence: a new conceptual approach," Theory and Decision, Springer, vol. 77(1), pages 85-110, June.
- Hammond, Peter J & Zank, Horst, 2013. "Rationality and Dynamic Consistency under Risk and Uncertainty," The Warwick Economics Research Paper Series (TWERPS) 1033, University of Warwick, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc).
If references are entirely missing, you can add them using this form.