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Note---Does Rolling Back Decision Trees Really Require the Independence Axiom?

Author

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  • Gordon B. Hazen

    (Department of Industrial Engineering and Management Sciences, Northwestern University, Evanston, Illinois 60201)

Abstract

In a recent article, LaValle and Wapman argue that the recursion analysis of decision trees in extensive form requires the Herstein-Milnor independence axiom. I claim that most extensive form analyses are perfectly proper in the absence of independence, but that the transformation from extensive to normal form is impermissible.

Suggested Citation

  • Gordon B. Hazen, 1987. "Note---Does Rolling Back Decision Trees Really Require the Independence Axiom?," Management Science, INFORMS, vol. 33(6), pages 807-809, June.
    • Handle: RePEc:inm:ormnsc:v:33:y:1987:i:6:p:807-809
    DOI: 10.1287/mnsc.33.6.807
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    Citations

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    Cited by:

    1. A. Nebout, 2014. "Sequential decision making without independence: a new conceptual approach," Theory and Decision, Springer, vol. 77(1), pages 85-110, June.
    2. Hess, James D. & Holthausen Jr., Duncan M., 1988. "Beyond Risk Aversion: Eccentricity In Weighted Expected Utility," Department of Economics and Business - Archive 259431, North Carolina State University, Department of Economics.
    3. Lai, Vincent S. & Wong, Bo K. & Cheung, Waiman, 2002. "Group decision making in a multiple criteria environment: A case using the AHP in software selection," European Journal of Operational Research, Elsevier, vol. 137(1), pages 134-144, February.

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