Lexicographic probability, conditional probability, and nonstandard probability

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 68
Issue: 1
Pages: 155-179

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

The relationship between Popper spaces (conditional probability spaces that satisfy some regularity conditions), lexicographic probability systems (LPS's), and nonstandard probability spaces (NPS's) is considered. If countable additivity is assumed, Popper spaces and a subclass of LPS's are equivalent; without the assumption of countable additivity, the equivalence no longer holds. If the state space is finite, LPS's are equivalent to NPS's. However, if the state space is infinite, NPS's are shown to be more general than LPS's.

Technical Details

RePEc Handle
repec:eee:gamebe:v:68:y:2010:i:1:p:155-179
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25