Some Notes on Savage’s Representation Theorem
Abstract 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.
Authors
- Gabriel Frahm (ORCID: https://orcid.org/0000-0001-7507-730X)
- Lorenz Hartmann (ORCID: https://orcid.org/0000-0003-1796-8264)
Institutions
- University of Basel (CH)
- Helmut Schmidt University (DE)
Publication Details
- Journal
- Theory and Decision
- Published
- 2024-08-16
- DOI
- https://doi.org/10.1007/s11238-024-10003-1
- Primary Topic
- Mathematical and Theoretical Analysis
- Type
- article
- Field-Weighted Citation Impact
- 0.00