Partial probabilistic information

C-Tier
Journal: Journal of Mathematical Economics
Year: 2011
Volume: 47
Issue: 1
Pages: 22-28

Authors (2)

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract Suppose a decision maker (DM) has partial information about certain events of a [sigma]-algebra belonging to a set and assesses their likelihood through a capacity v. When is this information probabilistic, i.e. compatible with a probability? We consider three notions of compatibility with a probability in increasing degree of preciseness. The weakest requires the existence of a probability P on such that P(E)>=v(E) for all , we then say that v is a probability lower bound. A stronger one is to ask that v be a lower probability, that is the infimum of a family of probabilities on . The strongest notion of compatibility is for v to be an extendable probability, i.e. there exists a probability P on which coincides with v on . We give necessary and sufficient conditions on v in each case and, when is finite, we provide effective algorithms that check them in a finite number of steps.

Technical Details

RePEc Handle
repec:eee:mateco:v:47:y:2011:i:1:p:22-28
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25