Order-Independent Transformative Decision Rules

Synthese 147 (2):323-342 (2005)
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Abstract

A transformative decision rule alters the representation of a decision problem, either by changing the set of alternative acts or the set of states of the world taken into consideration, or by modifying the probability or value assignments. A set of transformative decision rules is order-independent in case the order in which the rules are applied is irrelevant. The main result of this paper is an axiomatic characterization of order-independent transformative decision rules, based on a single axiom. It is shown that the proposed axiomatization resolves a problem observed by Teddy Seidenfeld in a previous axiomatization by Peterson.

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Author Profiles

Sven Ove Hansson
Royal Institute of Technology, Stockholm
Martin Peterson
Texas A&M University

Citations of this work

Cost-benefit analysis and non-utilitarian ethics.Rosemary Lowry & Martin Peterson - 2012 - Politics, Philosophy and Economics 11 (3):1470594-11416767.
Cost-benefit analysis and non-utilitarian ethics.Rosemary Lowry & Martin Peterson - 2012 - Politics, Philosophy and Economics 11 (3):258-279.

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References found in this work

Prospect Theory: An Analysis of Decision Under Risk.D. Kahneman & A. Tversky - 1979 - Econometrica: Journal of the Econometric Society:263--291.
The Structure of Values and Norms.Sven Ove Hansson - 2001 - New York: Cambridge University Press.
The Structure of Values and Norms.Sven Ove Hansson - 2002 - Bulletin of Symbolic Logic 8 (4):531-533.

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