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 |
|---|---|
| Pages (from-to) | 323-329 |
| Journal | Economics Letters |
| Volume | 59 |
| DOIs | |
| Publication status | Published - 1998 |