Coherence of countably many bets

DOI10.1007/S10959-013-0489-9zbMATH Open1323.60006arXiv1303.6981OpenAlexW2095335021MaRDI QIDQ495701FDOQ495701

Authors: Rafael B. Stern, Joseph B. Kadane 

Publication date: 15 September 2015

Published in: Journal of Theoretical Probability (Search for Journal in Brave)

Abstract: De Finetti's betting argument is used to justify finitely additive probabilities when only finitely many bets are considered. Under what circumstances can countably many bets be used to justify countable additivity? In this framework, one faces issues such as the convergence of the returns of the bet. Generalizations of de Finetti's argument depend on what type of conditions on convergence are required of the bets under consideration. Two new such conditions are compared with others presented in the literature.

Full work available at URL: https://arxiv.org/abs/1303.6981

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zbMATH Keywords

coherencefinite additivitybetting systemscountable additivity

Mathematics Subject Classification ID

Axioms; other general questions in probability (60A05)

Cites Work

• Title not available (Why is that?)
• Sul significato soggettivo della probabilità
• On a Theorem of De Finetti, Oddsmaking, and Game Theory
• Unfair gambles in probability
• On rational betting systems

Cited In (7)

• The strength of de Finetti's coherence theorem
• Unfair gambles in probability
• Coherence in the aggregate: a betting method for belief functions on many-valued events
• Betting on continuous independent events
• On the linear structure of betting criterion and the checking of coherence
• De Finetti, Countable Additivity, Consistency and Coherence
• Countable Additivity and the de Finetti Lottery

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