Related papers: A Dutch Book theorem for partial subjective probab…
We use a logical device called the Dutch Book to establish epistemic confidence, defined as the sense of confidence \emph{in an observed} confidence interval. This epistemic property is unavailable -- or even denied -- in orthodox…
The theory of combinatorial game (like board games) and the theory of social games (where one looks for Nash equilibria) are normally considered as two separate theories. Here we shall see what comes out of combining the ideas. The central…
In 1931 de Finetti proved what is known as his Dutch Book Theorem. This result implies that the finite additivity {\it axiom} for the probability of the disjunction of two incompatible events becomes a {\it consequence} of de Finetti's…
There are two main approach to probability, one of set-theoretic character where probability is the measure of a set, and another one of linguistic character where probability is the degree of confidence in a proposition. In this work we…
Dutch book arguments have been applied to beliefs about the outcomes of measurements of quantum systems, but not to beliefs about quantum objects prior to measurement. In this paper, we prove a quantum version of the probabilists' Dutch…
Shafer's belief functions were introduced in the seventies of the previous century as a mathematical tool in order to model epistemic probability. One of the reasons that they were not picked up by mainstream probability was the lack of a…
In this expository paper we describe a relatively elementary method of establishing the existence of a Dutch book in a simple multivariate normal prediction setting. The method involves deriving a nonstandard predictive distribution that is…
How do we ascribe subjective probability? In decision theory, this question is often addressed by representation theorems, going back to Ramsey (1926), which tell us how to define or measure subjective probability by observable preferences.…
Classical statistics and Bayesian statistics refer to the frequentist and subjective theories of probability respectively. Von Mises and De Finetti, who authored those conceptualizations, provide interpretations of the probability that…
We consider the problem of rational uncertainty about unproven mathematical statements, remarked on by G\"odel and others. Using Bayesian-inspired arguments we build a normative model of fair bets under deductive uncertainty which draws…
The subjective Bayesian interpretation of probability asserts that the rules of the probability calculus follow from the normative principle of Dutch-book coherence: A decision-making agent should not assign probabilities such that a series…
In this article we demonstrate how algorithmic probability theory is applied to situations that involve uncertainty. When people are unsure of their model of reality, then the outcome they observe will cause them to update their beliefs. We…
Though the ability of human beings to deal with probabilities has been put into question, the assessment of rarity is a crucial competence underlying much of human decision-making and is pervasive in spontaneous narrative behaviour. This…
Classical probability theory supports probability measures, assigning a fixed positive real value to each event, these measures are far from satisfactory in formulating real-life occurrences. The main innovation of this paper is the…
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…
Significant controversy remains about what constitute correct self-locating beliefs in scenarios such as the Sleeping Beauty problem, with proponents on both the "halfer" and "thirder" sides. To attempt to settle the issue, one natural…
Spekkens has introduced an epistemically restricted classical theory of discrete systems, based on discrete phase space. The theory manifests a number of quantum-like properties but cannot fully imitate quantum theory because it is…
We develop a systematic approach to quantum probability as a theory of rational betting in quantum gambles. In these games of chance the agent is betting in advance on the outcomes of several (finitely many) incompatible measurements. One…
The general use of subjective probabilities to model belief has been justified using many axiomatic schemes. For example, ?consistent betting behavior' arguments are well-known. To those not already convinced of the unique fitness and…
In this work we first illustrate the subjective theory of de Finetti. We recall the notion of coherence for both the betting scheme and the penalty criterion, by considering the unconditional and conditional cases. We show the equivalence…