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What Are Axiomatizations Good For?

Abstract : In light of the interest in axiomatic models of decision making in recent years, one is led to ask, in what ways do the axiomatic deriva- tions advance economics? If economists are interested in predicting how people behave, without a pretense to change individual decision making, how can they benefit from representation theorems, which are no more than equivalence results? We address this question, propose several ways in which representation results can still be useful, and discuss their potential implications to axiomatic decision theory.
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https://hal-hec.archives-ouvertes.fr/hal-01933876
Contributor : Antoine Haldemann <>
Submitted on : Saturday, November 24, 2018 - 3:41:00 PM
Last modification on : Thursday, October 24, 2019 - 8:46:02 PM

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Itzhak Gilboa, Andrew Postlewaite, Larry Samuelson, David Schmeidler. What Are Axiomatizations Good For?. 2018. ⟨hal-01933876⟩

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