Before revision: If M is either preferred over or viewed with indifference relative to L, we write The axioms The four axioms of VNM-rationality, often called the rational choice axioms, are completeness, transitivity, continuity, and independence.
After revision: If M is either preferred over or viewed with indifference relative to L, we write The axioms The four axioms of VNM-rationality, are completeness, transitivity, continuity, and independence.