Comparing three ways to update Choquet beliefs
We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the updated capacity is fully optimistic or fully pessimistic. (C) 2010 Elsevier B.V. All rights reserved.
“NOTICE: this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 107, 91-94, 2010 doi:10.1016/j.econlet.2009.12.035
Vol. 107, Issue 2, pp. 91 - 94