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characterize an EBUU decision maker. Conditional on a reference or "balancing value," the latter assigns a utility to each outcome …We introduce and analyze expected balanced uncertain utility (EBUU) theory. A prior and a balanced outcome-set utility …-set. The decision maker associates with each act, its envelope, the minimal measurable mapping from states to outcome-sets that …
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The aim of this work is to give an overview on nonlinear expectation and to relate them to other concepts that describe model uncertainty or imprecision in a probabilistic framework. We discuss imprecise versions of stochastic processes with a particular interest in imprecise Markov chains....
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There have been arguments concerning the ability to measure rational belief. In this debate, a credence or belief has been determined as being measurable by some authors and subjectively orderable by others. I would argue that our conceptual evaluation of belief is more accurately expressed as a...
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