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  • Expected utility without full transitivity 

    Bossert, Walter; Suzumura, Kotaro (Université de Montréal. Département de sciences économiques., 2014-05)
    We generalize the classical expected-utility criterion by weakening transitivity to Suzumura consistency. In the absence of full transitivity, reflexivity and completeness no longer follow as a consequence of the system of axioms employed and a richer ...