Some Notes on Savage’s Representation Theorem

Gabriel Frahm () and Lorenz Hartmann
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Gabriel Frahm: Helmut Schmidt University

Theory and Decision, 2025, vol. 98, issue 1, No 4, 85-93

Abstract: Abstract Savage’s famous representation theorem is based on seven postulates of rational choice. We resolve some loose ends in the literature concerning the relationship between different versions of Savage’s axioms. This leads us to the present form of the representation theorem. We also discuss some issues regarding the historical development of Savage’s representation theorem.

Keywords: Representation theorem; Savage’s postulates; Subjective expected utility (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11238-024-10003-1

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