Ronayne, David; Veneziani, Roberto; Zame, William R. - 2022 - This version: June 21, 2022
Anscombe and Aumann (1963) offer a definition of subjective probability in terms of comparisons with objective … probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes … that the subjective probability of an event is independent of the prize consequences of that event, a property we term …
