Bayesian consistent belief selection

A-Tier
Journal: Journal of Economic Theory
Year: 2010
Volume: 145
Issue: 1
Pages: 432-439

Authors (2)

Score contribution per author:

2.018 = (α=2.02 / 2 authors) × 2.0x A-tier

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

Abstract

A subjective expected utility agent is given information about the state of the world in the form of a set of possible priors. She is assumed to form her beliefs given this information. A set of priors may be updated according to Bayes' rule, prior-by-prior, upon learning that some state of the world has not obtained. In a model in which information is completely summarized by this set of priors, we show that there exists no decision maker who obeys Bayes' rule, conditions her prior only on the available information (by selecting a belief in the announced set), and who updates the information prior-by-prior using Bayes' rule.

Technical Details

RePEc Handle
repec:eee:jetheo:v:145:y:2010:i:1:p:432-439
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25