Some Notes on Savage’s Representation Theorem

Savage's famous representation theorem is based on seven postulates of rational choice. We resolve some loose ends in the literature concerning the relationship between different versions of Savage's axioms. This leads us to the present form of the representation theorem. We also discuss some issues regarding the historical development of Savage's representation theorem.

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Year of publication:	2024
Authors:	Frahm, Gabriel ; Hartmann, Lorenz
Published in:	Theory and Decision. - New York, NY : Springer US, ISSN 1573-7187. - Vol. 98.2024, 1, p. 85-93
Publisher:	New York, NY : Springer US
Subject:	Representation theorem \| Savage’s postulates \| Subjective expected utility

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s11238-024-10003-1 [DOI] hdl:10419/318615 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10015408326