We study Hoeffding decomposable exchangeable sequences with values in a finite set D = {d1, . . . , dK}. We provide a new combinatorial characterization of Hoeffding decomposability and use this result to show that, for every K ≥ 3, there exists a class of neither Pólya nor i.i.d. D-valued exchangeable sequences that are Hoeffding decomposable.
