Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2005
foundation. Luce (2001) provided a simpler derivation based on reduction invariance, rather than compound invariance of Prelec … (1998). This note gives a simpler form of reduction invariance, which we call power invariance. A more direct derivation of … axiomatic foundation. Luce (2001) provided a simpler
derivation based on reduction invariance, rather than compound invariance …
