Abstract
Definition A sequence y = (y1,…,y n ) of random variables (for n ≥ 1) is (finitely) exchangeable if the joint probability distribution p(y1,…,y n ) of the elements of y is invariant under permutation of the indices (1,…,n), and a countably infinite sequence (y1,…,y2, …) is (infinitely) exchangeable if every finite subsequence is finitely exchangeable.
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Draper, D. (2010). Exchangeability. In: Durlauf, S.N., Blume, L.E. (eds) Microeconometrics. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280816_7
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