should have to be indifferent between both options.Ramsey shows that

Savage's subjective expected utility representation

In the 1950s, Leonard Jimmie Savage, an American statistician, derived a framework for comprehending expected utility. Savage's framework involved proving that expected utility could be used to make an optimal choice among several acts through seven axioms. In his book, The Foundations of Statistics, Savage integrated a normative account of decision

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