Learning and Decision Making when Subjective Probabilities have Subjective Domains
نویسندگان
چکیده
منابع مشابه
Decision Making under Uncertainty and Subjective Probabilities
This paper presents two axiomatic models of decision making under uncertainty that avoid the use of a state space. The first is a subjective expected utility model with action-dependent subjective probabilities and effect-dependent preferences (the case of effect-independent preferences is obtained as a special instance). The second is a nonexpected utility model involving well-defined families...
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Historically, the term probability has been associated with a number of different concepts. The standard mathematical definition due to Kolmogorov (1933/1950) identifies probability with a countably additive measure on a σ algebra.1 This definition underlies a powerful theory that includes the law of large numbers and the central limit theorem. Yet in the applications of this theory, probabilit...
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ژورنال
عنوان ژورنال: The Annals of Statistics
سال: 1981
ISSN: 0090-5364
DOI: 10.1214/aos/1176345332