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timtyler comments on Why the beliefs/values dichotomy? - Less Wrong
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"Of all the axioms, independence is the most often discarded. A variety of generalized expected utility theories have arisen, most of which drop or relax the independence axiom."
The examples in the generalized expected utility link are descriptive theories of how humans are irrational money pumps. (The two bullet points after the sentence in wikipedia are examples of conventional utility functions; in that context the sentence is false.)
I'm not sure what the bullet points are doing there either - but I don't really see how they impact the original statement.
Reminds me of the parallel postulate - non-Euclidean utility?