Abstract
We show that the traditional subjective expected utility framework may be inappropriate as a foundation of the theory of choice between experiments. We propose an alternative axiomatic framework to define rationality of choice between experiments. On the basis of this new framework we study additive representations for preference between experiments.
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© 1991 Springer Science+Business Media Dordrecht
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Willinger, M. (1991). The Foundations Of The Theory Of Choice Between Experiments. In: Chikán, A. (eds) Progress in Decision, Utility and Risk Theory. Theory and Decision Library, vol 13. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3146-9_25
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DOI: https://doi.org/10.1007/978-94-011-3146-9_25
Publisher Name: Springer, Dordrecht
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