2. Coherence

  1. Giovanni Parmigiani1 and
  2. Lurdes Y. T. Inoue2

Published Online: 1 DEC 2010

DOI: 10.1002/9780470746684.ch2

Decision Theory

Decision Theory

How to Cite

Parmigiani, G. and Inoue, L. Y. T. (2009) Coherence, in Decision Theory, John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9780470746684.ch2

Author Information

  1. 1

    Johns Hopkins University, Baltimore, USA

  2. 2

    University of Washington, Seattle, USA

Publication History

  1. Published Online: 1 DEC 2010
  2. Published Print: 17 APR 2009

Book Series:

  1. Wiley Series in Probability and Statistics

Book Series Editors:

  1. Walter A. Shewhart and
  2. Samuel S. Wilks

ISBN Information

Print ISBN: 9780471496571

Online ISBN: 9780470746684



  • decision making under uncertainty - making choices whose consequences are not completely predictable;
  • coherence;
  • “Dutch Book” theorem;
  • coherence and axioms of probability;
  • coherent conditional probabilities;
  • implications of Dutch Book theorems;
  • temporal coherence;
  • scoring rules and axioms of probabilities


This chapter contains sections titled:

  • The “Dutch Book” theorem

  • Temporal coherence

  • Scoring rules and the axioms of probabilities

  • Exercises