Rationalizability and the savage axioms

Authors
Lo, KC
Citation
Kc. Lo, Rationalizability and the savage axioms, ECON THEORY, 15(3), 2000, pp. 727-733
Citations number
10
Categorie Soggetti
Economics
Journal title
ECONOMIC THEORY
ISSN journal
09382259 → ACNP
Volume
15
Issue
3
Year of publication
2000
Pages
727 - 733
Database
ISI
SICI code
0938-2259(200005)15:3<727:RATSA>2.0.ZU;2-C
Abstract
Suppose there is a finite set of acts defined on a finite state space and a decision maker chooses an act from the set. In this setting, the subjectiv e expected utility model is observationally indistinguishable from all mode ls of preference that satisfy Savage's axiom P3. The result has implication s also for rationalizability in strategic games.