Comparing three ways to update Choquet beliefs

Jürgen Eichberger; Simon Grant; David Kelsey

doi:10.1016/j.econlet.2009.12.035

Comparing three ways to update Choquet beliefs

Jürgen Eichberger, Simon Grant^*, David Kelsey

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

24 Citations (Scopus)

Abstract

We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the updated capacity is fully optimistic or fully pessimistic.

Original language	English
Pages (from-to)	91-94
Number of pages	4
Journal	Economics Letters
Volume	107
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2009.12.035
Publication status	Published - May 2010
Externally published	Yes

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10.1016/j.econlet.2009.12.035

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title = "Comparing three ways to update Choquet beliefs",

abstract = "We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the updated capacity is fully optimistic or fully pessimistic.",

keywords = "Choquet Expected Utility, Generalized Bayesian Updating, Neo-additive capacity",

author = "J{\"u}rgen Eichberger and Simon Grant and David Kelsey",

year = "2010",

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AU - Grant, Simon

AU - Kelsey, David

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AB - We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the updated capacity is fully optimistic or fully pessimistic.

KW - Choquet Expected Utility

KW - Generalized Bayesian Updating

KW - Neo-additive capacity

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DO - 10.1016/j.econlet.2009.12.035

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VL - 107

SP - 91

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JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Comparing three ways to update Choquet beliefs

Abstract

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