Abstract

Since second-order probability distributions assign probabilities to probabilities there is uncertainty on two levels. Although different types of uncertainty have been distinguished before and corresponding measures suggested, the distinction made here between first- and second-order levels of uncertainty has not been considered before. In this paper previously existing measures are considered from the perspective of first- and second-order uncertainty and new measures are introduced. We conclude that the concepts of uncertainty and informativeness needs to be qualified if used in a second-order probability context and suggest that from a certain point of view information can not be minimized, just shifted from one level to another

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.