Machina and Raiffa on the independence a
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Jordan Howard Sobel
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Article
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1989
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Springer Netherlands
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English
β 761 KB
Mark Machina has opposed the independence axiom, and "the argument for the 'rationality' of this prescription," by what he feels is "the strongest c0unterargument." (Machina, pp. 166 and 172. References, unless otherwise indicated, are to this paper.) In what follows, Machina's statement of that axi