On the Foundation of Decision Making under Partial Information

Insua DR (1990). On the Foundation of Decision Making under Partial Information. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-90-049

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Abstract

The author shows how to model imprecision in the decision maker's judgements, within a Bayesian context. He provides axioms leading to work with families of value functions, if the problem is under certainty, or probability distributions and utility functions, if the problem is under uncertainty, or probability distributions and utility functions, if the problem is under uncertainty. Some solution concepts are suggested. On the whole, he provides a robust decision theory based on a set of axioms embodying coherence, and essentially implies carrying out a family of coherent decision analyses.

Item Type: Monograph (IIASA Working Paper)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:00
Last Modified: 21 Jul 2016 06:02
URI: http://pure.iiasa.ac.at/3405

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