Bayesian beliefs with stochastic monotonicity: an extension of Machina and Schmeidler

DOI10.1016/J.JET.2005.03.006MaRDI QIDQ854944zbMATH OpenOpenAlexFDO

Authors Simon Grant, Ben Polak

Publication date 7 December 2006

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2005.03.006

zbMATH Keywords

independencestochastic monotonicitysubjective probabilityAnscombe--AumannHorse/roulette lotteries

Mathematics Subject Classification ID

Inequalities; stochastic orderings (60E15) Utility theory (91B16)

Recommendations

• Probabilistic sophistication and stochastic monotonicity in the savage framework
• Subjective Probability Without Monotonicity: or How Machina's Mom May Also be Probabilistically Sophisticated
• Bayes without Bernoulli: Simple conditions for probabilistically sophisticated choice
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Cites work

• scientific article; zbMATH DE number 3339023 (Why is no real title available?)
• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• A Definition of Subjective Probability
• A More Robust Definition of Subjective Probability
• Almost-objective uncertainty
• Bayes without Bernoulli: Simple conditions for probabilistically sophisticated choice
• Maxmin expected utility with non-unique prior
• Risk, Ambiguity, and the Separation of Utility and Beliefs
• Subjective Probability and Expected Utility without Additivity

Cited in

(6)

• A dual approach to ambiguity aversion
• Probabilistic sophistication and stochastic monotonicity in the savage framework
• Event Exchangeability: Probabilistic Sophistication Without Continuity or Monotonicity
• Subjective mean-variance preferences without expected utility
• Probabilistic sophistication, second order stochastic dominance and uncertainty aversion
• A theory of subjective compound lotteries

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