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Generalized probabilistic independence and its implications for utility. (English) Zbl 0611.90013

The author studies utility functions in which the substitutability axiom is changed to ((x,p,y),q,y)\(\sim (x,p*q,y)\) where * is an arbitrary operation instead of multiplication, satisfying certain axioms. A uniqueness theorem like that in the usual case holds.
Reviewer: K.H.Kim

MSC:

91B16 Utility theory
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