May 2021 Comment: Moving Beyond Sets of Probabilities
Gregory Wheeler
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Statist. Sci. 36(2): 201-204 (May 2021). DOI: 10.1214/21-STS765C
Abstract

The theory of lower previsions is designed around the principles of coherence and sure-loss avoidance, thus steers clear of all the updating anomalies highlighted in Gong and Meng’s “Judicious Judgment Meets Unsettling Updating: Dilation, Sure Loss and Simpson’s Paradox” except dilation. In fact, the traditional problem with the theory of imprecise probability is that coherent inference is too complicated rather than unsettling. Progress has been made simplifying coherent inference by demoting sets of probabilities from fundamental building blocks to secondary representations that are derived or discarded as needed.

Copyright © 2021 Institute of Mathematical Statistics
Gregory Wheeler "Comment: Moving Beyond Sets of Probabilities," Statistical Science 36(2), 201-204, (May 2021). https://doi.org/10.1214/21-STS765C
Published: May 2021
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Vol.36 • No. 2 • May 2021
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