Countable Additivity and the de Finetti Lottery.

De Finetti would claim that we can make sense of a draw in which each positive integer has equal probability of winning. This requires a uniform probability distribution over the natural numbers, violating countable additivity. Countable additivity thus appears not to be a fundamental constraint on...

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Publicado en:British Journal for the Philosophy of Science Vol. 55; no. 2; pp. 301 - 322
Autor principal: Bartha, Paul
Formato: Artículo
Publicado: University of Chicago Press Jun2004
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Countable Additivity and the de Finetti Lottery.
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        au: Bartha, Paul
        affil: Department of Philosophy, 1866 Main Mall, E-370, University of British Columbia, Vancouver, B.C. V6T 1Z1 Canada
      su:
        Probability theory
        Distribution (Probability theory)
        Lotteries
        Calculus
        Integer programming
        Philosophy of science
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          Probability theory
          Distribution (Probability theory)
          Lotteries
          Calculus
          Integer programming
          Philosophy of science
      ab: De Finetti would claim that we can make sense of a draw in which each positive integer has equal probability of winning. This requires a uniform probability distribution over the natural numbers, violating countable additivity. Countable additivity thus appears not to be a fundamental constraint on subjective probability. It does, however, seem mandated by Dutch Book arguments similar to those that support the other axioms of the probability calculus as compulsory for subjective interpretations. These two lines of reasoning can be reconciled through a slight generalization of the Dutch Book framework. Countable additivity may indeed be abandoned for de Finetti's lottery, but this poses no serious threat to its adoption in most applications of subjective probability.
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    language: English
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