Note---Does Rolling Back Decision Trees Really Require the Independence Axiom?
In a recent article, LaValle and Wapman argue that the recursion analysis of decision trees in extensive form requires the Herstein-Milnor independence axiom. I claim that most extensive form analyses are perfectly proper in the absence of independence, but that the transformation from extensive to normal form is impermissible.
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Article provided by INFORMS in its journal Management Science
Volume (Year): 33 (1987)Handle:
Issue (Month): 6 (June)
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Related researchKeywords: decision analysis foundations
; independence axiom
; sure thing principle
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- Antoine Nebout, 2012.
"Sequential decision making without independence: a new conceptual approach,"
12-27, LAMETA, Universtiy of Montpellier, revised Sep 2012.
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