Grant, Simon; Kajii, Atsushi; Polak, Ben - Institute of Social and Economic Research (ISER), Osaka … - 2003
We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to do with different individuals' having different attitudes toward risk. Both these objections can be accommodated if we drop the reduction axiom; in particular, if we...
