A representation of partially ordered preferences
Seidenfeld, Teddy ; Schervish, Mark J. ; Kadane, Joseph B.
Ann. Statist., Tome 23 (1995) no. 6, p. 2168-2217 / Harvested from Project Euclid
This essay considers decision-theoretic foundations for robust Bayesian statistics. We modify the approach of Ramsey, de Finetti, Savage and Anscombe and Aumann in giving axioms for a theory of robust preferences. We establish that preferences which satisfy axioms for robust preferences can be represented by a set of expected utilities. In the presence of two axioms relating to state-independent utility, robust preferences are represented by a set of probability/utility pairs, where the utilities are almost state-independent (in a sense which we make precise). Our goal is to focus on preference alone and to extract whatever probability and/or utility information is contained in the preference relation when that is merely a partial order. This is in contrast with the usual approach to Bayesian robustness that begins with a class of "priors" or "likelihoods," and a single loss function, in order to derive preferences from these probability/utility assumptions.
Publié le : 1995-12-14
Classification:  Robust statistics,  axioms of decision theory,  state-dependent utility,  partial order,  62C05,  62A15
@article{1034713653,
     author = {Seidenfeld, Teddy and Schervish, Mark J. and Kadane, Joseph B.},
     title = {A representation of partially ordered preferences},
     journal = {Ann. Statist.},
     volume = {23},
     number = {6},
     year = {1995},
     pages = { 2168-2217},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1034713653}
}
Seidenfeld, Teddy; Schervish, Mark J.; Kadane, Joseph B. A representation of partially ordered preferences. Ann. Statist., Tome 23 (1995) no. 6, pp.  2168-2217. http://gdmltest.u-ga.fr/item/1034713653/