A foundation for probabilistic beliefs with or without atoms

  • Mackenzie A
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Abstract

We propose two novel axioms for qualitative probability spaces: (i) unlikely atoms , which requires that there is an event containing no atoms that is at least as likely as its complement; and (ii) third‐order atom‐swarming , which requires that for each atom, there is a countable pairwise‐disjoint collection of less‐likely events that can be partitioned into three groups, each with union at least as likely as the given atom. We prove that under monotone continuity , each of these axioms is sufficient to guarantee a unique countably‐additive probability measure representation, generalizing work by Villegas to allow atoms. Unlike previous contributions that allow atoms, we impose no cancellation or solvability axiom.

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APA

Mackenzie, A. (2019). A foundation for probabilistic beliefs with or without atoms. Theoretical Economics, 14(2), 709–778. https://doi.org/10.3982/te2427

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