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

DOI10.1016/j.jet.2005.03.006zbMath1141.91382OpenAlexW1981849069MaRDI QIDQ854944

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

independencesubjective probabilitystochastic monotonicityAnscombe--AumannHorse/roulette lotteries

Mathematics Subject Classification ID

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

Related Items (5)

A dual approach to ambiguity aversion ⋮ Subjective mean-variance preferences without expected utility ⋮ Probabilistic sophistication, second order stochastic dominance and uncertainty aversion ⋮ Probabilistic sophistication and stochastic monotonicity in the savage framework ⋮ A theory of subjective compound lotteries

Cites Work

• Maxmin expected utility with non-unique prior
• Almost-objective uncertainty
• Bayes without Bernoulli: Simple conditions for probabilistically sophisticated choice
• Subjective Probability and Expected Utility without Additivity
• A More Robust Definition of Subjective Probability
• Risk, Ambiguity, and the Separation of Utility and Beliefs
• A Definition of Subjective Probability
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