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Additive plausibility characterizes the supports of consistent assessments

Authors: Streufert, Peter A.;

Additive plausibility characterizes the supports of consistent assessments

Abstract

We introduce three definitions. First, we let a basement be a set of nodes and actions that supports at least one assessment. Second, we derive from an arbitrary basement its implied plausibility (i.e. infinite-relative-likelihood) relation among the game's nodes. Third, we say that this plausibility relation is additive if it has a completion represented by the nodal sums of a mass function defined over the game's actions. This last construction is built upon Streufert (2012)'s result that nodes can be specified as sets of actions. Our central result is that a basement has additive plausibility if and only if it supports at least one consistent assessment. The result's proof parallels the early foundations of probability theory and requires only Farkas' Lemma. The result leads to related characterizations, to an easily tested necessary condition for consistency, and to the repair of a nontrivial gap in a proof of Kreps and Wilson (1982).

Keywords

C72, plausibility mass function, ddc:330, additive representation, plausibility relation, infinite relative likelihood

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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