Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Roth, A. E., and F. Schoumaker. "Subjective Probability and the Theory of Games: Some Further Comment." Management Science 29, no. 11 (November 1983): 1337–1340.

Synthese, Vol. 57, No. 3, Rationality and Objectivity: Philosophical and Psychological Conceptions, Part II (Dec., 1983), pp. 341-365 (25 pages) It is argued that we need a richer version of Bayesian ...

WE do not make a general statement to the effect that subjective probabilities in all situations diminish with increase in age, but merely refer to the subjective probability of winning the uncertain ...

Subjective theory of value refers to a certain theory of value which states that the prices of goods and services in a market economy are determined by the subjective preferences of consumers. This ...

A key central tenet of decision theory is that decomposing an uncertain event into sub-events should not change the overall probability assigned to that uncertain event. As we show, both quantum ...