L.G. Epstein (Larry)
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RePub, Erasmus University RepositoryA Unifying Approach to Axiomatic Non-Expected Utility Theories: Correction and Comment
http://repub.eur.nl/pub/23195/
Mon, 01 Feb 1993 00:00:01 GMT<div>S.H. Chew</div><div>L.G. Epstein</div><div>P.P. Wakker</div>
Chew and Epstein attempted to provide a unifying axiomatic framework for a number of generalizations of expected utility theory. Wakker pointed out that Theorem A, on which the central unifying proposition is based, is false. In this note, we apply Segalâ€²s result to prove that Theorem 2 is nevertheless valid with minor modifications.