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Bayes = Blackwell, Almost

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  • Mark Whitmeyer

Abstract

There are updating rules other than Bayes' law that render the value of information positive. I find all of them.

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  • Mark Whitmeyer, 2023. "Bayes = Blackwell, Almost," Papers 2302.13956, arXiv.org, revised Oct 2023.
    • Handle: RePEc:arx:papers:2302.13956
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    References listed on IDEAS

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    11. Safra, Zvi & Sulganik, Eyal, 1995. "On the Nonexistence of Blackwell's Theorem-Type Results with General Preference Relations," Journal of Risk and Uncertainty, Springer, vol. 10(3), pages 187-201, May.
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    14. Hill, Brian, 2020. "Dynamic consistency and ambiguity: A reappraisal," Games and Economic Behavior, Elsevier, vol. 120(C), pages 289-310.
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