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This essay looks at decision-making with interval-valued probability measures. Existing decision methods have either supplemented expected utility methods with additional criteria of optimality, or have attempted to supplement the…

Artificial Intelligence · Computer Science 2013-04-15 Ronald P. Loui

A credit rating of AAA asserts near-certainty of repayment. This paper asks whether the pre-crisis information environment could have supported that assertion for structured products. Bayes' theorem implies that any reliability target…

Risk Management · Quantitative Finance 2026-04-24 Marco Pollanen

Relative belief inferences are shown to arise as Bayes rules or limiting Bayes rules. These inferences are invariant under reparameterizations and possess a number of optimal properties. In particular, relative belief inferences are based…

Statistics Theory · Mathematics 2024-06-14 Michael Evans , Gun Ho Jang

Independence-based (IB) assignments to Bayesian belief networks were originally proposed as abductive explanations. IB assignments assign fewer variables in abductive explanations than do schemes assigning values to all evidentially…

Artificial Intelligence · Computer Science 2013-02-28 Eugene Santos , Solomon Eyal Shimony

When ignorance due to the lack of knowledge, modeled as epistemic uncertainty using Dempster-Shafer structures on closed intervals, is present in the model parameters, a new uncertainty propagation method is necessary to propagate both…

Methodology · Statistics 2011-07-11 Gabriel Terejanu , Puneet Singla , Tarunraj Singh , Peter D. Scott

Ranking and selection (R&S) aims to identify the alternative with the best mean performance among $k$ simulated alternatives. The practical value of R&S depends on accurate simulation input modeling, which often suffers from the curse of…

Machine Learning · Statistics 2025-09-09 Zaile Li , Yuchen Wan , L. Jeff Hong

Belief updating schemes in artificial intelligence may be viewed as three dimensional languages, consisting of a syntax (e.g. probabilities or certainty factors), a calculus (e.g. Bayesian or CF combination rules), and a semantics (i.e.…

Artificial Intelligence · Computer Science 2013-04-12 Shimon Schocken

There are at least two ways to interpret numerical degrees of belief in terms of betting: (1) you can offer to bet at the odds defined by the degrees of belief, or (2) you can judge that a strategy for taking advantage of such betting…

Statistics Theory · Mathematics 2010-01-12 Glenn Shafer

Multi-sensor data fusion technology plays an important role in real applications. Because of the flexibility and effectiveness in modelling and processing the uncertain information regardless of prior probabilities, Dempster-Shafer evidence…

Artificial Intelligence · Computer Science 2018-06-06 Fuyuan Xiao

We introduce a new one-parameter family of divergence measures, called bounded Bhattacharyya distance (BBD) measures, for quantifying the dissimilarity between probability distributions. These measures are bounded, symmetric and positive…

Statistics Theory · Mathematics 2016-04-12 Shivakumar Jolad , Ahmed Roman , Mahesh C. Shastry , Mihir Gadgil , Ayanendranath Basu

We explore the interplay between random and deterministic phenomena using a representation of uncertainty based on the measure-theoretic concept of outer measure. The meaning of the analogues of different probabilistic concepts is…

Methodology · Statistics 2020-04-21 Jeremie Houssineau

This paper uses decision-theoretic principles to obtain new insights into the assessment and updating of probabilities. First, a new foundation of Bayesianism is given. It does not require infinite atomless uncertainties as did Savage s…

Artificial Intelligence · Computer Science 2013-01-07 Peter P. Wakker

Mathematical Theory of Evidence (MTE), a foundation for reasoning under partial ignorance, is blamed to leave frequencies outside (or aside of) its framework. The seriousness of this accusation is obvious: no experiment may be run to…

Artificial Intelligence · Computer Science 2018-12-10 Mieczysław A. Kłopotek , Sławomir T. Wierzchoń

In supervised learning, understanding an input's proximity to the training data can help a model decide whether it has sufficient evidence for reaching a reliable prediction. While powerful probabilistic models such as Gaussian Processes…

Machine Learning · Computer Science 2024-06-19 Ifigeneia Apostolopoulou , Benjamin Eysenbach , Frank Nielsen , Artur Dubrawski

One of the most important aspects in any treatment of uncertain information is the rule of combination for updating the degrees of uncertainty. The theory of belief functions uses the Dempster rule to combine two belief functions defined by…

Artificial Intelligence · Computer Science 2013-04-05 Michael S. K. M. Wong , P. Lingras

We first show that there are practical situations in for instance forensic and gambling settings, in which applying classical probability theory, that is, based on the axioms of Kolmogorov, is problematic. We then introduce and discuss…

Probability · Mathematics 2015-12-07 Timber Kerkvliet , Ronald Meester

Risk assessment instruments are used across the criminal justice system to estimate the probability of some future behavior given covariates. The estimated probabilities are then used in making decisions at the individual level. In the…

Applications · Statistics 2021-02-03 Kristian Lum , David B. Dunson , James Johndrow

Recently, recommender system (RS) based on causal inference has gained much attention in the industrial community, as well as the states of the art performance in many prediction and debiasing tasks. Nevertheless, a unified causal analysis…

Information Retrieval · Computer Science 2022-05-19 Peng Wu , Haoxuan Li , Yuhao Deng , Wenjie Hu , Quanyu Dai , Zhenhua Dong , Jie Sun , Rui Zhang , Xiao-Hua Zhou

This paper relates comparative belief structures and a general view of belief management in the setting of deductively closed logical representations of accepted beliefs. We show that the range of compatibility between the classical…

Artificial Intelligence · Computer Science 2013-02-01 Didier Dubois , Helene Fargier , Henri Prade

There is increasing attention to evaluating the fairness of search system ranking decisions. These metrics often consider the membership of items to particular groups, often identified using protected attributes such as gender or ethnicity.…

Information Retrieval · Computer Science 2021-08-12 Ömer Kırnap , Fernando Diaz , Asia Biega , Michael Ekstrand , Ben Carterette , Emine Yılmaz
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