Information algebras of coherent sets of gambles

02/26/2021

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by   Juerg Kohlas, et al.

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In this paper, we show that coherent sets of gambles can be embedded into the algebraic structure of information algebra. This leads firstly, to a new perspective of the algebraic and logical structure of desirability and secondly, it connects desirability, hence imprecise probabilities, to other formalism in computer science sharing the same underlying structure. Both the domain free and the labeled view of the information algebra of coherent sets of gambles are presented, considering a special case of possibility space.