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Using Bayes' rule to update an event' s probabilities based on the outcomes of partially similar events
Bordley, Robert F. - In: Decision analysis : a journal of the Institute for … 8 (2011) 2, pp. 117-127
Persistent link: https://www.econbiz.de/10009259450
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Avoiding both the Garbage-In/Garbage-Out and the Borel Paradox in updating probabilities given experimental information
Bordley, Robert F. - In: Theory and decision : an international journal for … 79 (2015) 1, pp. 95-105
Persistent link: https://www.econbiz.de/10011485353
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Econophysics and individual choice
Bordley, Robert F. - In: Physica A: Statistical Mechanics and its Applications 354 (2005) C, pp. 479-495
The subjectivist theory of probability specifies certain axioms of rationality which together lead to both a theory of probability and a theory of preference. The theory of probability is used throughout the sciences while the theory of preferences is used in economics. Results in quantum...
Persistent link: https://www.econbiz.de/10010590421