Comparing three ways to update Choquet beliefs

Jürgen Eichberger, Simon Grant and David Kelsey

Economics Letters, 2010, vol. 107, issue 2, 91-94

Abstract: We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the updated capacity is fully optimistic or fully pessimistic.

Keywords: Choquet; Expected; Utility; Generalized; Bayesian; Updating; Neo-additive; capacity (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:2:p:91-94

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