 The third argument, that experiments indicate that people fail to satisfy the basic assumptions of expected utility theory, was known from early on and emphasized by the very authors who formulated and refined the homo economicus hypothesis  (section 1)  and whose names are associated with the mathematical foundations. We highlighted an extended quote from Savage in  section 1.3,  but could mention as well a discussion of the theory’s limitations by de Finetti and Savage (1962), and even a closer reading of the canonical monographs of each, namely Savage 1954 and de Finetti 1970. A further consideration, which we discussed in  section 1.3  is the demand of logical omniscience in expected utility theory and nearly all axiomatic variants.