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January, 1977 Induced Priors in Decision Problems
D. R. Barr, F. R. Richards
Ann. Statist. 5(1): 182-184 (January, 1977). DOI: 10.1214/aos/1176343751


The well-known principle that a decision maker's subjective probabilities are determined from his preferences among finite compound lotteries is developed in an especially transparent approach. This development can be easily modified to give versions of the result in a variety of infinite contexts.


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D. R. Barr. F. R. Richards. "Induced Priors in Decision Problems." Ann. Statist. 5 (1) 182 - 184, January, 1977.


Published: January, 1977
First available in Project Euclid: 12 April 2007

zbMATH: 0364.62003
MathSciNet: MR433528
Digital Object Identifier: 10.1214/aos/1176343751

Primary: 62A15
Secondary: 90A10

Keywords: decision analysis , subjective probability , Utility

Rights: Copyright © 1977 Institute of Mathematical Statistics

Vol.5 • No. 1 • January, 1977
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