Note---Does Rolling Back Decision Trees Really Require the Independence Axiom?
AbstractIn 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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Bibliographic InfoArticle provided by INFORMS in its journal Management Science.
Volume (Year): 33 (1987)
Issue (Month): 6 (June)
decision analysis foundations; independence axiom; sure thing principle;
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- Antoine Nebout, 2012. "Sequential decision making without independence: a new conceptual approach," Working Papers 12-27, LAMETA, Universtiy of Montpellier, revised Sep 2012.
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