Note—Does Rolling Back Decision Trees Really Require the Independence Axiom?

Published Online:https://doi.org/10.1287/mnsc.33.6.807

In a recent article, LaValle and Wapman argue that the recursion analysis of decision trees in extensive form requires the Herstein-Milnor independence axiom. I claim that most extensive form analyses are perfectly proper in the absence of independence, but that the transformation from extensive to normal form is impermissible.

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