Coherence without Additivity
Enrico Diecidue () and
ICER Working Papers - Applied Mathematics Series from ICER - International Centre for Economic Research
The Dutch book argument is a coherence condition for the existence of subjective probabilities. This note gives a general framework of analysis for this argument in a nonadditive probability setting. Particular cases are given by comonotonic and affinely related Dutch books that lead to Choquet expectations and Min expectations.
Keywords: Coherence; Dutch Book; Constant Linearity; Choquet Expectation; Multiple Priors (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Pages: 10 pages
New Economics Papers: this item is included in nep-ecm and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:icr:wpmath:10-2002
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