Abstract
LetC be a class of arbitrary real random elements andP an extended real valued function onC. Two definitions of coherence forP are compared. Both definitions reduce to the classical de Finetti's one whenC includes bounded random elements only. One of the two definitions (called strong coherence) is investigated, and some criteria for checking it are provided. Moreover, conditions are given for the integral representation of a coherentP, possibly with respect to a δ-additive probability. Finally, the two definitions and the integral representation theorems are extended to the case whereC is a class of random elements taking values in a given Banach space.
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Berti, P., Regazzini, E. & Rigo, P. Strong previsions of random elements. Statistical Methods & Applications 10, 11–28 (2001). https://doi.org/10.1007/BF02511636
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DOI: https://doi.org/10.1007/BF02511636