Updating Choquet beliefs

Jürgen Eichberger; Simon Grant; David Kelsey

doi:10.1016/j.jmateco.2007.04.005

Updating Choquet beliefs

Jürgen Eichberger, Simon Grant^*, David Kelsey

^*Corresponding author for this work

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

58 Citations (Scopus)

Abstract

We apply Pires's coherence property between unconditional and conditional preferences that admit a CEU representation. In conjunction with consequentialism (only those outcomes on states which are still possible can matter for conditional preference) this implies that the conditional preference may be obtained from the unconditional preference by taking the Full Bayesian Update of the capacity.

Original language	English
Pages (from-to)	888-899
Number of pages	12
Journal	Journal of Mathematical Economics
Volume	43
Issue number	7-8
DOIs	https://doi.org/10.1016/j.jmateco.2007.04.005
Publication status	Published - Sept 2007
Externally published	Yes

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10.1016/j.jmateco.2007.04.005

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title = "Updating Choquet beliefs",

abstract = "We apply Pires's coherence property between unconditional and conditional preferences that admit a CEU representation. In conjunction with consequentialism (only those outcomes on states which are still possible can matter for conditional preference) this implies that the conditional preference may be obtained from the unconditional preference by taking the Full Bayesian Update of the capacity.",

keywords = "Choquet Expected Utility, Full Bayesian Updating, Updating ambiguous beliefs",

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

year = "2007",

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AU - Grant, Simon

AU - Kelsey, David

PY - 2007/9

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AB - We apply Pires's coherence property between unconditional and conditional preferences that admit a CEU representation. In conjunction with consequentialism (only those outcomes on states which are still possible can matter for conditional preference) this implies that the conditional preference may be obtained from the unconditional preference by taking the Full Bayesian Update of the capacity.

KW - Choquet Expected Utility

KW - Full Bayesian Updating

KW - Updating ambiguous beliefs

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U2 - 10.1016/j.jmateco.2007.04.005

DO - 10.1016/j.jmateco.2007.04.005

M3 - Article

SN - 0304-4068

VL - 43

SP - 888

EP - 899

JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

IS - 7-8

ER -

Updating Choquet beliefs

Abstract

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