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Cited by 379

The DOI matches its Crossref record; 27 of the 27 references it cites were found in a registry or an index.

Two-Stage Lotteries without the Reduction Axiom

Open access
Segal, Uzi·1990·Econometrica
DOI 10.2307/2938207
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Abstract

Preference relations over two-stage lotteries are analyzed. Empirical evidence indicates that decisionmakers do not always behave in accordance with the reduction of compound lotteries axiom, but they seem to satisfy a compound independence axiom. Although the reduction and the compound independence axioms, together with continuity, imply expected utility theory, each of them by itself is compatible with all possible preference relations over simple lotteries. Using these axioms, the author analyzes three different versions of expected utility for two-stage lotteries. The author suggests several different compound dominance axioms as possible replacements of the reduction axiom, which are strictly weaker than the reduction of compound lotteries axiom. Copyright 1990 by The Econometric Society.

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Metadata

Authors
Segal, U.
Venue
Econometrica
Publisher
JSTOR
Published
1990-03
Volume
58
Issue
2
Pages
349
ISSN
0012-9682 (ISSN-L)
DOI
10.2307/2938207
OpenAlex
W2130056398
Cited by
379
References
27
FWCI
9.96
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Two-Stage Lotteries without the Reduction Axiom. https://app.cochat.ai/papers/10.2307/2938207
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Segal, U. (1990). Two-Stage Lotteries without the Reduction Axiom. Econometrica. https://doi.org/10.2307/2938207

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