The probabilistic type spaces in the sense of Harsanyi [Management Sci. 14 (1967/68) 159-182, 320-334, 486-502] are the prevalent models used to describe interactive uncertainty. In this paper we ...
Probability theory has long provided a rigorous framework for quantifying uncertainty, yet its extension to infinite sets introduces profound conceptual challenges and opportunities. Contemporary ...
In this paper we consider a finite dam with unit release. Ratio identities are derived for the various random walks involved, and from them are derived the p.g.f. of the time of first emptiness with ...