Coherence without additivity

Authors :: Diecidue, Enrico
Maccheroni, Fabio
Source :: Journal of Mathematical Psychology. Apr2003, Vol. 47 Issue 2, p166. 5p.
Publication Year :: 2003
Abstract: The Dutch book argument is a coherence condition for the existence of subjective probabilities. This paper 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. [Copyright &y& Elsevier]