Arbeitspapier
Foundations of Bayesian theory
This paper states necessary and sufficient conditions for the existence, uniqueness, and updating according to Bayes´ rule, of subjective probabilities representing individuals´ beliefs. The approach is preference based, and the result is an axiomatic subjective expected utility model of Bayesian decision making under uncertainty with statedependent preferences. The theory provides foundations for the existence of prior probabilities representing decision makers´ beliefs about the likely realization of events and for the updating of these probabilities according to Bayes´ rule.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 524
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
Subjective expected utility
Bayesian theory
subjective probabilities.
Bayes-Statistik
Erwartungsnutzen
Theorie
Entscheidung bei Unsicherheit
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Karni, Edi
- Ereignis
-
Veröffentlichung
- (wer)
-
The Johns Hopkins University, Department of Economics
- (wo)
-
Baltimore, MD
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Karni, Edi
- The Johns Hopkins University, Department of Economics
Entstanden
- 2005
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