Abstract
For positive , the -exchangeability of an infinite random word is introduced as quasi-invariance under permutations of letters, with a special cocycle which accounts for inversions in the word. This framework allows us to extend the -analog of de Finetti's theorem for binary sequences---see Gnedin and Olshanski [Electron. J. Combin. 16 (2009) R78]---to general real-valued sequences. In contrast to the classical case of exchangeability (), the order on plays a significant role for the -analogs. An explicit construction of ergodic -exchangeable measures involves random shuffling of by iteration of the geometric choice. Connections are established with transient Markov chains on -Pascal pyramids and invariant random flags over the Galois fields.
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