Constriction for sets of probabilities

01/13/2023
by   Michele Caprio, et al.
0

Given a set of probability measures 𝒫 representing an agent's knowledge on the elements of a sigma-algebra ℱ, we can compute upper and lower bounds for the probability of any event A∈ℱ of interest. A procedure generating a new assessment of beliefs is said to constrict A if the bounds on the probability of A after the procedure are contained in those before the procedure. It is well documented that (generalized) Bayes' updating does not allow for constriction, for all A∈ℱ <cit.>. In this work, we show that constriction can take place with and without evidence being observed, and we characterize these possibilities.

READ FULL TEXT

Please sign up or login with your details

Forgot password? Click here to reset