Abstract
There has been a steady increase in the number of ‘anomalies’ associated with EU theory and particularly with the independence axiom. The auxiliary hypotheses used by followers of the EU approach to explain these problems have become increasingly threadbare. The way is, therefore, open for an alternative approach.
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© 1993 Springer Science+Business Media Dordrecht
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Quiggin, J. (1993). The Challenge to EU Theory. In: Generalized Expected Utility Theory. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2182-8_4
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DOI: https://doi.org/10.1007/978-94-011-2182-8_4
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-4966-5
Online ISBN: 978-94-011-2182-8
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