By P.P. Wakker
`This ebook represents a really genuine and significant contribution to the maths of determination idea.
The distinguishing characteristic of Wakker's method is that he has little need of a reference experiment.
There are extra effects aplenty and lots more and plenty for the choice theorist to give some thought to. those effects also will support psychologists, economists and others formulate and attempt types of decision-making behaviour.
via any criteria its booklet is a landmark ... very good survey and precis of the literature on additive choice types. every one web page represents the distillation of a lot idea. hence, it's a e-book that rewards examining and rereading. Wakker's effects and techniques of evidence will enlighten examine into choice concept for plenty of years.'
British magazine of Mathematical and Statistical Psychology, forty three, 1990
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Additional info for Additive Representations of Preferences: A New Foundation of Decision Analysis
It would be desirable to formulate conditions for the existence of functions to be maximized, not in terms of the 'intermediate' preference relations, but directly in terms of choice functions. We have not pursued thisrf18. 3. COMPARISON WITH OTHER SET-UPS (OR: WHAT WE DO NOT DO) In Luce&Suppes(l965) a distinction is made between 'probabilistic' (= 'stochastic') and 'algebraic' approaches. In probabilistic approaches there is randomness in the choices of the decision maker, for example the decision maker chooses (C(D) =) x from D with probability 1/3 and (C(D) =) y from D with probability 2/3.
2. For the binary relation XjYj • VjWj 1·f ~j ~ on ndrj we write : : There exist alternatives a,b such that a_jxj ~ b_jYj and a_jvj ~ b_jwj . In Chapter VII we shall sometimes write [Xj;Yj] ~~ [Vj;Wj] for XjYj ~~ VjWj. The introduced relations >-~. and ~~, 'directly revealed from ~'. can be considered to be quarternary relations on rj. Alternatively, they can be considered to be binary relations, on the set r 12 , and that is what we shall do in the sequel. These binary relations >-~* and ~ ~ do not have to satisfy conditions such as transitivity or completeness, even if ~ does satisfy these conditions.
4. Note that reversibility has the natural implication that XjYj > ~* VjWj if there exist alternatives a and b such that [not a_jxj ~ b_jYj] and [a_jvj o:E b_jwj]. We might just as well have chosen this 'dual' definition instead of the one above, or taken both notions together. Then only minor details in formulations and proofs in the sequel would have to be adapted. As an second illustration of the above definitions we give a reformulation of coordinate independence. CI holds if and only if, for no i,xj'Yj' and alternatives a,b, simultaneously [a_jxj 'F b_jxj] and [not a_jYj ~ b_jYj].