(Non-)Commutative Aggregation

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Tác giả: Yuzhao Yang

Ngôn ngữ: eng

Ký hiệu phân loại: 003.75 Nonlinear systems

Thông tin xuất bản: 2024

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Bộ sưu tập: Metadata

ID: 203433

Commutativity is a normative criterion of aggregation and updating stating that the aggregation of expert posteriors should be identical to the update of the aggregated priors. I propose a thought experiment that raises questions about the normative appeal of Commutativity. I propose a weakened version of Commutativity and show how that assumption plays central roles in the characterization of linear belief aggregation, multiple-weight aggregation, and an aggregation rule which can be viewed as the outcome of a game played by "dual-selves," Pessimism and Optimism. Under suitable conditions, I establish equivalences between various relaxations of Commutativity and classic axioms for decision-making under uncertainty, including Independence, C-Independence, and Ambiguity Aversion.
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