Savagés theorem with a finite number of states

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Conditions which guarantee the existence of a (subjective) expected utility representation of preferences, when the state space is finite, are presented. The key assumptions are continuity and an analogue of the independence axiom.

Original languageEnglish (US)
Pages (from-to)99-110
Number of pages12
JournalJournal of Economic Theory
Issue number1
StatePublished - Jun 1992
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics


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