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Note—Rolling Back Decision Trees Requires the Independence Axiom!

Irving H. LaValle, Kenneth R. Wapman

Management Science · 1986 · Volume 32 · Issue 3

DOI: 10.1287/mnsc.32.3.382

Abstract

The Herstein–Milnor independence axiom is a necessary condition for recursion analysis of decisions in extensive (=tree) form.

Keywords

decision analysis foundations, independence axiom, sure-thing principle

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