Abstract
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.
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Peterson, M., Hansson, S.O. Order-Independent Transformative Decision Rules. Synthese 147, 323–342 (2005). https://doi.org/10.1007/s11229-005-1351-0
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DOI: https://doi.org/10.1007/s11229-005-1351-0