June 2014
Beginner
448 pages
16h 23m
English
book
Introduction to Imprecise Probabilities
by Matthias C. M. Troffaes, Gert de Cooman, Frank P. A. Coolen, Thomas Augustin
Content preview from Introduction to Imprecise Probabilities
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2.3 Conditional lower previsions
Let 
be a subset of the sampling space 
, and consider a gamble 
on 
. Walley's theory of coherent lower previsions gives two different interpretations of the conditional lower prevision 
of 
given 
: the updating and the contingent one. Under the contingent interpretation, 
is our subject's current supremum buying price for the gamble 
contingent on 
, that is, the supremum value of such that the gamble is desirable for our subject.
In order to relate the subject's ...
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