Enrico Diecidue, Fabio Maccheroni
The Dutch book argument is a coherence condition for the existence of subjective probabilities. This paper gives a general framework of analysis for this argument in a nonadditive probability setting. Particular cases are given by comonotonic and affinely related Dutch books that lead to Choquet expectations and Min expectations. © 2003 Elsevier Science (USA). All rights reserved.
INSEAD, Singapore 138676, 1 Ayer Rajah Avenue, Singapore; Istituto di Metodi Quantitativi, Università Bocconi, 20135 Milano, Viale Isonzo 25, Italy; Italy ICER, Torino, Italy
