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  • Search: subject:"Hurwicz optimism–pessimism approach"
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Decision 1 Decision theory 1 Decision under uncertainty 1 Decision-making 1 Entscheidung 1 Entscheidung unter Unsicherheit 1 Entscheidungstheorie 1 Game theory 1 Hurwicz optimism–pessimism approach 1 Interval uncertainty 1 Risiko 1 Risk 1 Spieltheorie 1
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Article in journal 1 Aufsatz in Zeitschrift 1
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English 1
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Iyiola, Olugbenga 1 Kreinovich, Vladik 1 Ramos, Laura Berrout 1 Warattaya Chinnakum 1
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Asian journal of economics and banking : AJEB 1
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ECONIS (ZBW) 1
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Decision making under interval uncertainty : toward (somewhat) more convincing justifications for Hurwicz optimism-pessimism approach
Warattaya Chinnakum; Ramos, Laura Berrout; Iyiola, Olugbenga - In: Asian journal of economics and banking : AJEB 5 (2021) 1, pp. 32-45
Purpose - In real life, we only know the consequences of each possible action with some uncertainty. A typical example is interval uncertainty, when we only know the lower and upper bounds on the expected gain. A usual way to compare such interval-valued alternatives is to use the...
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