Forward irrelevance (Q958781): Difference between revisions

An overview of the main ideas underlying the behavioural theory of imprecise probabilities is presented. The combination of marginal lower previsions a joint and the minimal behavioural consequences of conditional lower prevision assessments are studied. The procedure of the marginal extension preserves forward irrelevance. The forward irrelevant product dominates the forward natural extension. The properties and conditions for a coincidence of these two objects are formulated. The relations between the epistemic irrelevance and epistemic independence are discussed. The economic interpretations of some results are given.