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Adjusting beliefs by data

 

In this section, we discuss the adjustment of a collection of expectation statements, given data. As this report is intended as a summary of concepts and properties, results will be stated without proof. Technical details will be discussed in a separate report. To simplify the exposition, we shall suppose that our chosen base C contains a finite number of quantities. In the final section, we will describe the underlying geometry, identify the equivalent results for infinite collections, and give geometric explanations for the various properties that we have described.





David Wooff
Thu Oct 15 11:56:54 BST 1998