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Objective Subjective Probabilities

Kim Border, Paolo Ghirardato and Uzi Segal
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Kim Border: California Institute of Technology

No 616, Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: This note shows that if the space of events is sufficiently rich and the subjective probability function of each individual is non-atomic, then there is a sigma-algebra of events over which everyone will have the same probability function, and moreover, the range of these probabilities is the whole [0, 1] segment.

Pages: 6 pages
Date: 2005-08-02, Revised 2005-12-07
New Economics Papers: this item is included in nep-ecm and nep-hpe
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Citations: View citations in EconPapers (1)

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