Event exchangeability: Probabilistic sophistication without continuity or monotonicity

文献类型: 外文期刊

第一作者: Hong, CS

作者: Hong, CS;Sagi, JS

作者机构:

关键词: uncertainty;risk;ambiguity;decision theory;nonexpected utility;probabilistic sophistication

期刊名称:ECONOMETRICA ( 影响因子:5.844; 五年影响因子:7.458 )

ISSN: 0012-9682

年卷期: 2006 年 74 卷 3 期

页码:

收录情况: SCI

摘要: Building on the Ramsey-de Finetti idea of event exchangeability, we derive a characterization of probabilistic sophistication without requiring any of the various versions of monotonicity, continuity, or comparative likelihood assumptions imposed by Savage (1954), Machina and Schrneidler (1992), and Grant (1995). Our characterization identifies a unique and finitely-additive subjective probability measure over an algebra of events.

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