منابع مشابه
Updating preferences with multiple priors
We propose and axiomatically characterize dynamically consistent update rules for decision making under ambiguity. These rules apply to the preferences with multiple priors of Gilboa and Schmeidler (1989), and are the first, for anymodel of preferences over acts, to be able to reconcile typical behavior in the face of ambiguity (as exemplified by Ellsberg’s paradox) with dynamic consistency for...
متن کاملAdditivity with multiple priors
The functional defined as the ‘min’ of integrals with respect to probabilities in a given non-empty closed and convex class appears prominently in recent work on uncertainty in economics. In general, such a functional violates the additivity of the expectations operator. We characterize the types of functions over which additivity of this functional is preserved. This happens exactly when ‘inte...
متن کاملProspective Updating of Theories with Preferences
This work focuses on updating and revising theories with preferences within the context of logic programming. This aim is achieved by first exploiting preferences to reduce the number of abductive extensions of the initial theory, then by using the observations to confirm or deny the abduced hypotheses. In case the observations disconfirm the preferred abduced hypotheses, a revision process is ...
متن کاملConditional preferences and updating
This paper axiomatizes updating rules for preferences that are not necessarily in the expected utility class. Two sets of results are presented. The first is the axiomatization of conditional preferences. The second consists of the axiomatization of three updating rules: the traditional Bayes rule, the Dempster-Shafer rule, and the generalized Bayes rule. The last rule can be regarded as the up...
متن کاملPriors Preferences and Categorical Percepts
Visual perception is the process of inferring world structure from image structure. If the world structure we recover from our images \makes sense" as a plausible world event, then we have a \percept" and can often ooer a concise linguistic description of what we see. For example, in the upper panel of Figure 3.1, if asked, \What do you see?", a typical response might be a pillbox with a handle...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.899006