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What are axiomatizations good for?

Itzhak Gilboa (), Andrew Postlewaite (), Larry Samuelson () and David Schmeidler ()
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Larry Samuelson: Yale University

Theory and Decision, 2019, vol. 86, issue 3, No 3, 339-359

Abstract: Abstract Do axiomatic derivations advance positive economics? If economists are interested in predicting how people behave, without a pretense to change individual decision making, how can they benefit from representation theorems, which are no more than equivalence results? We address these questions. We propose several ways in which representation results can be useful and discuss their implications for axiomatic decision theory.

Keywords: Axioms; Axiomatization; Representation theorem; Decision theory (search for similar items in EconPapers)
Date: 2019
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Related works:
Working Paper: What are Axiomatizations Good for? (2018)
Working Paper: What Are Axiomatizations Good For? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:theord:v:86:y:2019:i:3:d:10.1007_s11238-018-09685-1

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DOI: 10.1007/s11238-018-09685-1

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