Hazen, Gordon - In: Management Science 46 (2000) 3, pp. 389-403
factoring can be extended as well to preference components of the stochastic model. We examine updateable-state utility, a … flexible class of expected utility models that permit stochastic trees to be rolled back much in the manner of decision trees …. We show that preference summaries for updateable-state utility can be factored out of the stochastic tree. In addition …