Algebras of Sets and Coherent Sets of Gambles

In a recent work we have shown how to construct an information algebra of coherent sets of gambles defined on general possibility spaces. Here we analyze the connection of such an algebra with the set algebra of subsets of the possibility space on which gambles are defined and the set algebra of sets of its atoms. Set algebras are particularly important information algebras since they are their prototypical structures. Furthermore, they are the algebraic counterparts of classical propositional logic. As a consequence, this paper also details how propositional logic is naturally embedded into the theory of imprecise probabilities.

Information algebras of coherent sets of gambles in general possibility spaces

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 general possibility spaces.

Information algebras of coherent sets of gambles

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.