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Rational Decisions by Ken Binmore

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10

Mathematical Notes

10.1 Compatible Preferences

This section justifies the representation of separable preferences of section 3.6.2.

Two preference relations image1 and image2 will be said to be compatible if it is always true that

image

(It then follows that a image2 b implies a 1 b.) If the two preference relations are defined on the set lott(C) of lotteries with prizes ...

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