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An Introduction to Actuarial Studiesby M. E. Atkinson; D. C. M. Dickson

โœ Scribed by Review by: Mary Hardy

Book ID
125610428
Publisher
The Faculty of Actuaries and Institute of Actuaries
Year
2001
Tongue
English
Weight
282 KB
Volume
7
Category
Article
ISSN
1357-3217

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probabilities cannot be assigned to events. In the absence of probabilities, difficulties arise in the interpretation of likelihoods of events. In this paper the authors introduce a notion of revealed likelihood that is defined entirely in terms of preferences and that does not require the existence