Savage's sure-thing principle and subsequent work by Machina show that agents facing genuine uncertainty (not risk) cannot assign meaningful probabilities to novel strategic environments.
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Savage's sure-thing principle(as used in decision theory and economics)
A rule named after mathematician Leonard Savage that says: if one choice would be better than another no matter what happens in the world, you should always pick that better choice.
risk(The author is characterizing and then challenging the standard decision-theoretic conception of risk.)
In the probabilistic framework under critique, risks are treated as probabilistic mixtures of outcomes.