Abstract
This paper presents a model that highlights the connection between non-expected utility theories that violate the transitivity axiom and the choice-rule on which they are implicitly based. This manner of viewing those theories has a number of advantages over the original formulations, which are discussed. (C) 1998 Elsevier Science S.A.
Original language | English |
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Pages (from-to) | 323-329 |
Journal | Economics Letters |
Volume | 59 |
DOIs | |
Publication status | Published - 1998 |