The sure-thing principle and P2
Accepted version
Peer-reviewed
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Abstract
This paper offers a fine analysis of different versions of the well known sure-thing principle. We show that Savage's formal formulation of the principle, i.e., his second postulate (P2), is strictly stronger than what is intended originally.
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Keywords
Bayesian decision theory, The sure-thing principle, Dominance principle, Conditional preference
Journal Title
Economics Letters
Conference Name
Journal ISSN
0165-1765
1873-7374
1873-7374
Volume Title
159
Publisher
Elsevier BV