SUBSTITUTION OF INDIFFERENT OPTIONS AT CHOICE NODES AND ADMISSIBILITY: A REPLY TO RABINOWICZ

摘要

Tiebreak rules are necessary for revealing indifference in non- sequential decisions. I focus on a preference relation that satisfies Ordering and fails Independence in the following way. Lotteries a and b are indifferent but the compound lottery <0.5f, 0.5b> is strictly preferred to the compound lottery <0.5f, 0.2a>.