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236957

Order-independent transformative decision rules

Martin PetersonSven Ove Hansson

pp. 323-342

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.

Publication details

Published in:

(2005) Knowledge, rationality & action. Synthese 147 (2).

Pages: 323-342

DOI: 10.1007/s11229-005-1351-0

Full citation:

Peterson Martin, Hansson Sven Ove (2005) „Order-independent transformative decision rules“. Synthese 147 (2), 323–342.