Subjective probability under additive aggregation of conditional preferences
Article Abstract:
An axiomatic model embodies subjective probability and subjective consequences. The model also decreases to subjective expected utility under the additional premise of separability and state-independence in relation to an objective state-contingent structure of acts. Results show that the general consequences of acts on events can be assigned utilities that are suitable with the comparisons expressed and can be combined additively under a unique probability.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1997
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Characterizing common priors in the form of posteriors
Article Abstract:
The beliefs and knowledge of economic agents are examined in this model, which also examines the compactness assumption.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2000
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On a class of stable random dynamical systems: theory and applications
Article Abstract:
Economic growth is examined using mathematical models as analytic tools to assess trends and cycles.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2001
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