Article ID Journal Published Year Pages File Type
397987 International Journal of Approximate Reasoning 2008 11 Pages PDF
Abstract

We explore two connections between the concepts of coherence, as defined by de Finetti, and arbitrage-free asset pricing in financial markets. We contrast these concepts when random quantities may be unbounded. And we discuss some of the consequences for arbitrage theory when coherent previsions are merely finitely (but not countably) additive.

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