What are Axiomatizations Good for?

Itzhak Gilboa, Andrew Postlewaite, Larry Samuelson and David Schmeidler
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Larry Samuelson: Yale University - Department of Economics; Yale University - Cowles Foundation

No 1318, HEC Research Papers Series from HEC Paris

Abstract: In light of the interest in axiomatic models of decision making in recent years, one is led to ask, in what ways 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 bene fit 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 potential implications for axiomatic decision theory.

Keywords: Axiomatization; Philosophy; Economic Theory (search for similar items in EconPapers)
JEL-codes: B40 D00 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2018-10-22
Note: Available at SSRN: https://ssrn.com/abstract=3278957 or http://dx.doi.org/10.2139/ssrn.3278957
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Related works:
Journal Article: What are axiomatizations good for? (2019)
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:ebg:heccah:1318

DOI: 10.2139/ssrn.3278957

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