Presented at the 2024 SIPTA School, 15 Aug. 2024.
Part II by Michael Kupper.There’s several ways to go about modelling uncertain processes in the setting of imprecise probabilities, each with its strengths and weaknesses. This lecture starts with a brief overview and discussion of three of these ways in the basic yet important setting of discrete-time uncertain processes with a finite state space, and in particular in that of imprecise Markov chains.