| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1150490 | Journal of Statistical Planning and Inference | 2008 | 24 Pages |
Abstract
We prove weak and strong laws of large numbers for coherent lower previsions, where the lower prevision of a random variable is given a behavioural interpretation as a subject's supremum acceptable price for buying it. Our laws are a consequence of the rationality criterion of coherence, and they can be proven under assumptions that are surprisingly weak when compared to the standard formulation of the laws in more classical approaches to probability theory.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Gert De Cooman, Enrique Miranda,