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.
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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;
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- Volij, Oscar, 2002.
"A remark on bargaining and non-expected utility,"
Mathematical Social Sciences,
Elsevier, vol. 44(1), pages 17-24, September.
- Antoine Nebout, 2012. "Sequential decision making without independence: a new conceptual approach," Working Papers 12-27, LAMETA, Universtiy of Montpellier, revised Sep 2012.
- 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.
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