E-Capacities and the Ellsberg Paradox
This paper introduces E-capacities as a representation of beliefs which incorporates objective information about the probability of events. It can be shown that the Choquet integral of an E-capacity is the Ellsberg representation. The paper further explores properties of this representation of beliefs and provides an axiomatisation for them.
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Volume (Year): 46 (1999)
Issue (Month): 2 (April)
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