Abstract
Rational decision making under complete ignorance, a limit case of uncertainty, is defined. Through a concept of approximation, a meaning is given to a criterion almost possessing a property. Rational criteria depend almost on the sole bounds of the outcome range of each decision, they are almost continuous, they can almost possess a transitive indifference relation; however, under Savage's Independence Axiom, this last property restricts possible criteria to those which can be approximated, at least partly, by either the Maximin or the Maximax criterion.
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Cohen, M., Jaffray, JY. Approximations of rational criteria under complete ignorance and the independence axiom. Theor Decis 15, 121–150 (1983). https://doi.org/10.1007/BF00143068
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DOI: https://doi.org/10.1007/BF00143068