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Rational Choice Using Imprecise Probabilities and Utilities
, 2021P. Weirich
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Imprecise and indeterminate probabilities
Risk Decision and Policy, 2000Bayesian advocates of expected utility maximization use sets of probability distributions to represent very different ideas. Strict Bayesians insist that probability judgment is numerically determinate even though the agent can represent such judgments only in imprecise terms.
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Imprecise and Indeterminate Probabilities
2017This chapter offers a discussion of imprecision and indeterminacy in probability values; that is, there is a focus on situations where one does not attach a single real number to every possible event. There are several theories and mathematical models regarding such imprecise and indeterminate probabilities.
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Insurance with Imprecise Probabilities
SSRN Electronic Journal, 2010The purpose of this paper is to demonstrate how the imprecision of probabilities and background risk can motivate the purchase of insurance by a risk-neutral profit-maximising agent. Without insurance, the return from a profitable project may not be known with sufficient precision to justify the investment.
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Imprecise probability in epistemology
2017There is a growing interest in the foundations as well as the application of imprecise probability in contemporary epistemology. This dissertation is concerned with the application. In particular, the research presented concerns ways in which imprecise probability, i.e.
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Transformations from Imprecise to Precise Probabilities
2003Several known procedures transforming an imprecise probability into a precise one focus on special classes of imprecise probabilities, like belief functions and 2–monotone capacities, while not addressing the more general case of coherent imprecise probabilities, as defined by Walley.
BARONI PIETRO, VICIG, PAOLO
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Introduction to Imprecise Probabilities
2014Preface Introduction Acknowledgements Outline of this Book and Guide to Readers Contributors 1 Desirability 1.1 Introduction 1.2 Reasoning about and with Sets of Desirable Gambles 1.2.1 Rationality Criteria 1.2.2 Assessments Avoiding Partial or Sure Loss 1.2.3 Coherent Sets of Desirable Gambles 1.2.4 Natural Extension 1.2.5 Desirability Relative to ...
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Conditioning of Imprecise Probabilities Based on Generalized Credal Sets
European Conference on Symbolic and Quantitative Approaches to Reasoning and Uncertainty, 2019A. Bronevich, I. Rozenberg
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