The Projective Independence Axiom.

B-Tier
Journal: Economic Theory
Year: 1994
Volume: 4
Issue: 2
Pages: 189-215

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A new axiom for preference orderings over lotteries, called the projective independence axiom, is formulated. Given suitable continuity and monotonicity assumptions, the axiom implies that utility is either in the weighted utility class or is quadratic in probabilities. The betweeness axiom is used to distinguish between these two classes of functions.

Technical Details

RePEc Handle
repec:spr:joecth:v:4:y:1994:i:2:p:189-215
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25