A mathematical introduction to transitional lotteries
AbstractWhen we face a decision matter we do not face a frozen-time where all keep still while we are making a decision, but the time goes by and the probability distribution keeps moving by new available information. In this paper I want to build up the mathematical framework of a special kind of lottery: the transitional lotteries. This theory could be helpful to give to the decision theory a new key so as to dene a more accurate mental path. In orther to do that we will need a mathematical framework based upon the Kolmogorov operator which will be our transitional object, the core of this kind of lottery.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39377.
Date of creation: 11 Jun 2012
Date of revision:
Kolmogorov equations; Decision theory; lotteries;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
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