Probabilistic sophistication and reverse Bayesianism
نویسندگان
چکیده
منابع مشابه
Probabilistic Sophistication and Reverse Bayesianism
This paper extends our earlier work on reverse Bayesianism by relaxing the assumption that decision makers abide by expected utility theory, assuming instead weaker axioms that merely imply that they are probabilistically sophisticated. We show that our main results, namely, (modified) representation theorems and corresponding rules for updating beliefs over expanding state spaces and null even...
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ژورنال
عنوان ژورنال: Journal of Risk and Uncertainty
سال: 2015
ISSN: 0895-5646,1573-0476
DOI: 10.1007/s11166-015-9216-5