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In Anscombe and Aumann’s (1963) domain, there are two types of mixtures. One is an ex-ante mixture, or a lottery on acts. The other is an ex-post mixture, or a state-wise mixture of acts. These two mixtures have been assumed to be indifferent under the Reversal of Order axiom. However, we...
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laboratory experiment. -- Afriat’s theorem ; deterministic preferences ; decisions under risk ; experimental economcics …
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