We study the problem of gambling in horse races with causal side information and show that Massey's directed information characterizes the increment in the maximum achievable ...
The study of risky decision-making has long used monetary gambles to study choice, but many everyday decisions do not involve the prospect of winning or losing money. Monetary gam...
This article presents a probabilistic logic whose sentences can be interpreted as asserting the acceptability of gambles described in terms of an underlying logic. This probabilis...
Belief functions, possibility measures and Choquet capacities of order 2, which are special kinds of coherent upper or lower probability, are amongst the most popular mathematical...