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

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.

MoreLess

Year of publication:	1987
Authors:	Hazen, Gordon B.
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 33.1987, 6, p. 807-809
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS
Subject:	decision analysis foundations \| independence axiom \| sure thing principle

More details

Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.33.6.807 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009214740