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Erschienen in:
2006 | OriginalPaper | Buchkapitel
Order-Independent Transformative Decision Rules
verfasst von : Martin Peterson, Sven Ove Hansson
Erschienen in: Uncertainty, Rationality, and Agency
Verlag: Springer Netherlands
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A transformative decision rule alters the representation of a decision problem, either by changing the set of alternative acts or the set of states of the world taken into consideration, or by modifying the probability or value assignments. A set of transformative decision rules is
order-independent
in case the order in which the rules are applied is irrelevant. The main result of this paper is an axiomatic characterization of order-independent transformative decision rules, based on a single axiom. It is shown that the proposed axiomatization resolves a problem observed by Teddy Seidenfeld in a previous axiomatization by Peterson.