Question: (c) All that is needed to determine a decision maker's preference among uncertain events are the payoffs and the associated probabilities, refers to which
(c) All that is needed to determine a decision maker's preference among uncertain events are the payoffs and the associated probabilities, refers to which axiom? (d) No consequences are considered infinitely bad or infinitely good, refer to which axiom? (e) Given two reference gambles with the same possible outcomes, a decision maker prefers the one with the higher probability of winning the preferred outcome, refers to which axiom? (f) Which independence is the weakest among utility independence, preferential independence and additive independence?
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