Epstein, L.G. (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>Chew, S.H.</div><div>Epstein, L.G.</div><div>Wakker, P.P.</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.