We consider the problem of maximizing expected utility from consumption in a constrained
incomplete semimartingale market with a random endowment process, and establish a …

Praise for the first edition: Principles of Uncertainty is a profound and mesmerising book on
the foundations and principles of subjectivist or behaviouristic Bayesian analysis.… the book …

This paper introduces a model of preferences, in which, given beliefs about uncertain
outcomes, an individual evaluates an action by a quantile of the induced distribution. The …

Uncertainty in Ecnomic theory: Essay in honor of David Schmeidler's 65 th birthday Page 1 4
Introduction to the mathematics of ambiguity Massimo Marinacci and Luigi Montrucchio 4.1 …

Si fornisce una breve rassegna delle ricerche tese ad estendere la condizione di coerenza
di B. de Finetti alla previsione di numeri aleatori subordinati. Si studiano alcune …

The main concerns of this paper are the definition of coherent inference (dF-coherent
inference) in conformity with a theory of conditional probabilities derived from de Finetti's …

The definitions of" fundamental value" and" speculative bubbles" that are standard in
macroeconomics and finance are given formal representations as the countably additive …

A general procedure for extending finite-dimensional “additive-like” representations for
binary relations to infinite-dimensional “integral-like” representations is developed by means …

On extended admissible procedures and their nonstandard Bayes risk Page 1 The Annals of
Statistics 2021, Vol. 49, No. 4, 2053–2078 https://doi.org/10.1214/20-AOS2026 © Institute of …

This work aims at a deeper understanding of the mathematical implications of the
economically-sound condition of absence of arbitrages of the first kind in a financial market …