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Note---Does Rolling Back Decision Trees Really Require the Independence Axiom?

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  • Gordon B. Hazen

    (Department of Industrial Engineering and Management Sciences, Northwestern University, Evanston, Illinois 60201)

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    Abstract

    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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    File URL: http://dx.doi.org/10.1287/mnsc.33.6.807
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 33 (1987)
    Issue (Month): 6 (June)
    Pages: 807-809

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    Handle: RePEc:inm:ormnsc:v:33:y:1987:i:6:p:807-809

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    Related research

    Keywords: decision analysis foundations; independence axiom; sure thing principle;

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    Cited by:
    1. 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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