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planning or decision making, then the preferences, opportunities and constraints of the decision maker will all enter into the … of early work in the area of forecasting and decision theory, this chapter formally examines the manner in which the … features of an agent's decision problem combine to generate an appropriate decision-based loss function for that agent's use in …
Persistent link: https://www.econbiz.de/10014023704
inconsistency belong among hot topics of the current research, especially in the theoretical framework of multiple criteria decision … pairwise comparisons. Researchers and practitioners in the area of multiple-criteria decision-making (MCDM) and the analytic …
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Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10010200793
We present a preference foundation for Chance Theory (CT), a model of decision making under uncertainty where the … rationality principles like first-order stochastic dominance or transitivity. Decision makers with CT-preferences always prefer …
Persistent link: https://www.econbiz.de/10010202765
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In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably … optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects …
Persistent link: https://www.econbiz.de/10011545421
In this paper, I study decision theory in the presence of imperfect recall. I use an extension of the standard strategy …
Persistent link: https://www.econbiz.de/10011545463