Unforeseen evidence

نویسندگان

چکیده

I propose a normative updating rule, extended Bayesianism, for the incorporation of probabilistic information arising from process becoming more aware. Extended Bayesianism generalizes standard Bayesian to allow posterior reside on richer probability space than prior. then provide behavioral characterization this rule conclude that decision maker's subjective expected utility beliefs are consistent with Bayesianism.

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ژورنال

عنوان ژورنال: Journal of Economic Theory

سال: 2021

ISSN: ['1095-7235', '0022-0531']

DOI: https://doi.org/10.1016/j.jet.2021.105235