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stat.OT2023
Better Foundations for Subjective Probability
Sven Neth
How do we ascribe subjective probability? In decision theory, this question is often addressed by representation theorems, going back to Ramsey (1926), which tell us how to define…
stat.OT2023★ 3 cited
Rational Aversion to Information
Sven Neth
Is more information always better? Or are there some situations in which more information can make us worse off? Good (1967) argues that expected utility maximizers should always a…