A mathematical introduction to transitional lotteries

Francesco Strati

MPRA Paper from University Library of Munich, Germany

Abstract: When we face a decision matter we do not face a frozen-time where all keep still while we are making a decision, but the time goes by and the probability distribution keeps moving by new available information. In this paper I want to build up the mathematical framework of a special kind of lottery: the transitional lotteries. This theory could be helpful to give to the decision theory a new key so as to dene a more accurate mental path. In orther to do that we will need a mathematical framework based upon the Kolmogorov operator which will be our transitional object, the core of this kind of lottery.

Keywords: Kolmogorov equations; Decision theory; lotteries (search for similar items in EconPapers)
JEL-codes: C02 D81 (search for similar items in EconPapers)
Date: 2012-06-11
New Economics Papers: this item is included in nep-upt
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