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July 16, 2019 ยท Declared Dead ยท ๐Ÿ› Journal of Economics Theory

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Authors Evan Piermont arXiv ID 1907.07019 Category econ.TH Cross-listed cs.AI Citations 9 Venue Journal of Economics Theory Last Checked 1 month ago
Abstract
I propose a normative updating rule, extended Bayesianism, for the incorporation of probabilistic information arising from the process of becoming more aware. Extended Bayesianism generalizes standard Bayesian updating to allow the posterior to reside on richer probability space than the prior. I then provide an observable criterion on prior and posterior beliefs such that they were consistent with extended Bayesianism.
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