TY  - GEN
AB  - The problem of how to rationally aggregate probability
measures occurs in particular (i) when a group of agents, each holding probabilistic beliefs, needs to rationalise a collective decision on the basis of a single ‘aggregate belief system’ and (ii) when an individual whose belief system is compatible with several (possibly infinitely
many) probability measures wishes to evaluate her options on the basis of a single aggregate prior via classical expected utility theory (a psychologically plausible account of individual decisions).
We investigate this problem by first recalling some negative results from preference and judgment aggregation theory which show that the aggregate of several probability measures should not be conceived as
the probability measure induced by the aggregate of the corresponding expected-utility preferences. We describe how McConway’s (Journal of the American Statistical Association, vol. 76, no. 374, pp. 410–
414, 1981) theory of probabilistic opinion pooling can be generalised to cover the case of the aggregation of infinite profiles of finitely-additive probability measures, too; we prove the existence of aggregation
functionals satisfying responsiveness axioms à la McConway plus additional desiderata even for infinite electorates. On the basis of the theory of propositional-attitude aggregation, we argue that this is the
most natural aggregation theory for probability measures.
Our aggregation functionals for the case of infinite electorates are neither oligarchic nor integral-based and satisfy (at least) a weak anonymity condition. The delicate set-theoretic status of integral-based
aggregation functionals for infinite electorates is discussed.
DA  - 2014
KW  - probabilistic opinion pooling
KW  - general aggregation theory
KW  - Richard Bradley
KW  - multiple priors
KW  - Arrow’s impossibility theorem
KW  - Bayesian epistemology
KW  - society of mind
KW  - finite anonymity
KW  - ultrafilter
KW  - measure problem
KW  - non-standard analysis
LA  - eng
PY  - 2014
SN  - 0931-6558
SP  - 20-
TI  - Aggregating infinitely many probability measures
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-26753311
Y2  - 2024-12-25T17:48:48
ER  -