The Comonotonic Sure-thing Principle

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Comonotonic Sure-thing Principle by : Soo Hong Chew

Download or read book The Comonotonic Sure-thing Principle written by Soo Hong Chew and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Decision Making Process

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Publisher : John Wiley & Sons
ISBN 13 : 1118619528
Total Pages : 671 pages
Book Rating : 4.1/5 (186 download)

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Book Synopsis Decision Making Process by : Denis Bouyssou

Download or read book Decision Making Process written by Denis Bouyssou and published by John Wiley & Sons. This book was released on 2013-05-10 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the main methods and results in the formal study of the human decision-making process, as defined in a relatively wide sense. A key aim of the approach contained here is to try to break down barriers between various disciplines encompassed by this field, including psychology, economics and computer science. All these approaches have contributed to progress in this very important and much-studied topic in the past, but none have proved sufficient so far to define a complete understanding of the highly complex processes and outcomes. This book provides the reader with state-of-the-art coverage of the field, essentially forming a roadmap to the field of decision analysis. The first part of the book is devoted to basic concepts and techniques for representing and solving decision problems, ranging from operational research to artificial intelligence. Later chapters provide an extensive overview of the decision-making process under conditions of risk and uncertainty. Finally, there are chapters covering various approaches to multi-criteria decision-making. Each chapter is written by experts in the topic concerned, and contains an extensive bibliography for further reading and reference.

Prospect Theory

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Publisher : Cambridge University Press
ISBN 13 : 1139489100
Total Pages : 519 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Prospect Theory by : Peter P. Wakker

Download or read book Prospect Theory written by Peter P. Wakker and published by Cambridge University Press. This book was released on 2010-07-22 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible textbook treatment of the way decisions are made both when we have the statistical probabilities associated with uncertain future events (risk) and when we lack them (ambiguity). The book presents models, primarily prospect theory, that are both tractable and psychologically realistic. A method of presentation is chosen that makes the empirical meaning of each theoretical model completely transparent. Prospect theory has many applications in a wide variety of disciplines. The material in the book has been carefully organized to allow readers to select pathways through the book relevant to their own interests. With numerous exercises and worked examples, the book is ideally suited to the needs of students taking courses in decision theory in economics, mathematics, finance, psychology, management science, health, computer science, Bayesian statistics, and engineering.

Dictionary of Scientific Principles

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Publisher : John Wiley & Sons
ISBN 13 : 111858239X
Total Pages : 734 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Dictionary of Scientific Principles by : Stephen Marvin

Download or read book Dictionary of Scientific Principles written by Stephen Marvin and published by John Wiley & Sons. This book was released on 2012-11-27 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dictionary of Scientific Principles presents a unique and timeless collection of (almost) all known rules or laws commonly called principles, identified throughout the history of scientific development, their definition, and use. Exploring a broad range of disciplines, the book first lists more than 2,000 principles organized in a standard alphabetical order, then provides a list of subject headings for which related principles are identified. A staple addition to every library, the dictionary will also be of interest to scientists and general readers.

Uncertainty in Economic Theory

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Publisher : Routledge
ISBN 13 : 1134344155
Total Pages : 584 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Uncertainty in Economic Theory by : Itzhak Gilboa

Download or read book Uncertainty in Economic Theory written by Itzhak Gilboa and published by Routledge. This book was released on 2004-08-02 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Seminal papers are available together for the first time in book format, with new introductions and under the steely editorship of Itzhak Gilboa - this book is a useful reference tool for economists all over the globe.

Risk and Rationality

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Publisher :
ISBN 13 : 0199672164
Total Pages : 273 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Risk and Rationality by : Lara Buchak

Download or read book Risk and Rationality written by Lara Buchak and published by . This book was released on 2013-11 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker.

A Guided Tour of Artificial Intelligence Research

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Publisher : Springer Nature
ISBN 13 : 3030061647
Total Pages : 808 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis A Guided Tour of Artificial Intelligence Research by : Pierre Marquis

Download or read book A Guided Tour of Artificial Intelligence Research written by Pierre Marquis and published by Springer Nature. This book was released on 2020-05-08 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to provide an overview of AI research, ranging from basic work to interfaces and applications, with as much emphasis on results as on current issues. It is aimed at an audience of master students and Ph.D. students, and can be of interest as well for researchers and engineers who want to know more about AI. The book is split into three volumes: - the first volume brings together twenty-three chapters dealing with the foundations of knowledge representation and the formalization of reasoning and learning (Volume 1. Knowledge representation, reasoning and learning) - the second volume offers a view of AI, in fourteen chapters, from the side of the algorithms (Volume 2. AI Algorithms) - the third volume, composed of sixteen chapters, describes the main interfaces and applications of AI (Volume 3. Interfaces and applications of AI). Implementing reasoning or decision making processes requires an appropriate representation of the pieces of information to be exploited. This first volume starts with a historical chapter sketching the slow emergence of building blocks of AI along centuries. Then the volume provides an organized overview of different logical, numerical, or graphical representation formalisms able to handle incomplete information, rules having exceptions, probabilistic and possibilistic uncertainty (and beyond), as well as taxonomies, time, space, preferences, norms, causality, and even trust and emotions among agents. Different types of reasoning, beyond classical deduction, are surveyed including nonmonotonic reasoning, belief revision, updating, information fusion, reasoning based on similarity (case-based, interpolative, or analogical), as well as reasoning about actions, reasoning about ontologies (description logics), argumentation, and negotiation or persuasion between agents. Three chapters deal with decision making, be it multiple criteria, collective, or under uncertainty. Two chapters cover statistical computational learning and reinforcement learning (other machine learning topics are covered in Volume 2). Chapters on diagnosis and supervision, validation and explanation, and knowledge base acquisition complete the volume.

Decision Theory and Decision Systems

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Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Decision Theory and Decision Systems by : Karl C. Mosler

Download or read book Decision Theory and Decision Systems written by Karl C. Mosler and published by . This book was released on 1994 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Choice, Decision, and Measurement

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Publisher : Routledge
ISBN 13 : 1317729412
Total Pages : 489 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis Choice, Decision, and Measurement by : A.A.J. Marley

Download or read book Choice, Decision, and Measurement written by A.A.J. Marley and published by Routledge. This book was released on 2019-05-23 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the result of a conference held at the University of California, Irvine, on the topics that provide its title -- choice, decision, and measurement. The conference was planned, and the volume prepared, in honor of Professor R. Duncan Luce on his 70th birthday. Following a short autobiographical statement by Luce, the volume is organized into four topics, to each of which Luce has made significant contributions. The book provides an overview of current issues in each area and presents some of the best recent theoretical and empirical work. Personal reflections on Luce and his work begin each section. These reflections were written by outstanding senior researchers: Peter Fishburn (Preference and Decision Making), Patrick Suppes (Measurement Theory and Axiomatic Systems), William J. McGill (Psychophysics and Reaction Time), and W.K. Estes (Choice, Identification and Categorization). The first section presents recent theoretical and empirical work on descriptive models of decision making, and theoretical results on general probabilistic models of choice and ranking. Luce's recent theoretical and empirical work on rank- and sign-dependent utility theory is important in many of these contributions. The second section presents results from psychophysics, probabilistic measurement, aggregation of expert opinion, and test theory. The third section presents various process oriented models, with supportive data, for tasks such as redundant signal detection, forced choice, and absolute identification. The final section contains theory and data on categorization and attention, and general theoretical results for developing and testing models in these domains.

Symbolic and Quantitative Approaches to Reasoning with Uncertainty

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Publisher : Springer Science & Business Media
ISBN 13 : 3540752552
Total Pages : 926 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Symbolic and Quantitative Approaches to Reasoning with Uncertainty by : Khaled Mellouli

Download or read book Symbolic and Quantitative Approaches to Reasoning with Uncertainty written by Khaled Mellouli and published by Springer Science & Business Media. This book was released on 2007-09-21 with total page 926 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 9th European Conference on Symbolic and Quantitative Approaches to Reasoning with Uncertainty, ECSQARU 2007, held in Hammammet, Tunisia, Oktober 31 - November 2, 2007. The 78 revised full papers presented together with 3 invited papers were carefully reviewed and selected from over hundret submissions for inclusion in the book. The papers are organized in topical sections on Bayesian networks, graphical models, learning causal networks, planning, causality and independence, preference modelling and decision, argumentation systems, inconsistency handling, belief revision and merging, belief functions, fuzzy models, many-valued logical systems, uncertainty logics, probabilistic reasoning, reasoning models under uncertainty, uncertainty measures, probabilistic classifiers, classification and clustering, and industrial applications.

Handbook of Utility Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 1402079648
Total Pages : 636 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Handbook of Utility Theory by : Salvador Barbera

Download or read book Handbook of Utility Theory written by Salvador Barbera and published by Springer Science & Business Media. This book was released on 2004-03-31 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard rationality hypothesis is that behaviour can be represented as the maximization of a suitably restricted utility function. This hypothesis lies at the heart of a large body of recent work in economics, of course, but also in political science, ethics, and other major branches of the social sciences. Though this hypothesis of utility maximization deserves our continued respect, finding further refinements and developing new critiques remain areas of active research. In fact, many fundamental conceptual problems remain unsettled. Where others have been resolved, their resolutions may be too recent to have achieved widespread understanding among social scientists. Last but not least, a growing number of papers attempt to challenge the rationality hypothesis head on, at least in its more orthodox formulation. The main purpose of this Handbook is to make more widely available some recent developments in the area. Yet we are well aware that the final chapter of a handbook like this can never be written as long as the area of research remains active, as is certainly the case with utility theory. The editors originally selected a list of topics that seemed ripe enough at the time that the book was planned. Then they invited contributions from researchers whose work had come to their attention. So the list of topics and contributors is largely the editors' responsibility, although some potential con tributors did decline our invitation. Each chapter has also been refereed, and often significantly revised in the light of the referees' remarks.

Set Functions, Games and Capacities in Decision Making

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Publisher : Springer
ISBN 13 : 3319306901
Total Pages : 482 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Set Functions, Games and Capacities in Decision Making by : Michel Grabisch

Download or read book Set Functions, Games and Capacities in Decision Making written by Michel Grabisch and published by Springer. This book was released on 2016-06-15 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a thorough treatment of set functions, games and capacities as well as integrals with respect to capacities and games, in a mathematical rigorous presentation and in view of application to decision making. After a short chapter introducing some required basic knowledge (linear programming, polyhedra, ordered sets) and notation, the first part of the book consists of three long chapters developing the mathematical aspects. This part is not related to a particular application field and, by its neutral mathematical style, is useful to the widest audience. It gathers many results and notions which are scattered in the literature of various domains (game theory, decision, combinatorial optimization and operations research). The second part consists of three chapters, applying the previous notions in decision making and modelling: decision under uncertainty, decision with multiple criteria, possibility theory and Dempster-Shafer theory.

Axiomatic Utility Theory under Risk

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Publisher : Springer Science & Business Media
ISBN 13 : 3642588778
Total Pages : 216 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Axiomatic Utility Theory under Risk by : Ulrich Schmidt

Download or read book Axiomatic Utility Theory under Risk written by Ulrich Schmidt and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first attempts to develop a utility theory for choice situations under risk were undertaken by Cramer (1728) and Bernoulli (1738). Considering the famous St. Petersburg Paradox! - a lottery with an infinite expected monetary value -Bernoulli (1738, p. 209) observed that most people would not spend a significant amount of money to engage in that gamble. To account for this observation, Bernoulli (1738, pp. 199-201) proposed that the expected monetary value has to be replaced by the expected utility ("moral expectation") as the relevant criterion for decision making under risk. However, Bernoulli's 2 argument and particularly his choice of a logarithmic utility function seem to be rather arbitrary since they are based entirely on intuitively 3 appealing examples. Not until two centuries later, did von Neumann and Morgenstern (1947) prove that if the preferences of the decision maker satisfy cer tain assumptions they can be represented by the expected value of a real-valued utility function defined on the set of consequences. Despite the identical mathematical form of expected utility, the theory of von Neumann and Morgenstern and Bernoulli's approach have, however, IFor comprehensive discussions of this paradox cf. Menger (1934), Samuelson (1960), (1977), Shapley (1977a), Aumann (1977), Jorland (1987), and Zabell (1987). 2Cramer (1728, p. 212), on the other hand, proposed that the utility of an amount of money is given by the square root of this amount.

Neuroeconomics

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Publisher : Emerald Group Publishing
ISBN 13 : 1848553056
Total Pages : 350 pages
Book Rating : 4.8/5 (485 download)

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Book Synopsis Neuroeconomics by : Daniel Houser

Download or read book Neuroeconomics written by Daniel Houser and published by Emerald Group Publishing. This book was released on 2008-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers the various topics in health economics including the production of and demand for health; the demand for medical care services; the financing of these services; the markets for physicians, nurses, dentists, hospitals, and drugs; the economics of substance use; health in developing countries; and, the economics of medical technology.

Case-Based Approximate Reasoning

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Publisher : Springer Science & Business Media
ISBN 13 : 1402056958
Total Pages : 384 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Case-Based Approximate Reasoning by : Eyke Hüllermeier

Download or read book Case-Based Approximate Reasoning written by Eyke Hüllermeier and published by Springer Science & Business Media. This book was released on 2007-03-20 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Making use of different frameworks of approximate reasoning and reasoning under uncertainty, notably probabilistic and fuzzy set-based techniques, this book develops formal models of the above inference principle, which is fundamental to CBR. The case-based approximate reasoning methods thus obtained especially emphasize the heuristic nature of case-based inference and aspects of uncertainty in CBR.

Journal of Economic Theory

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Publisher :
ISBN 13 :
Total Pages : 548 pages
Book Rating : 4.0/5 (531 download)

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Book Synopsis Journal of Economic Theory by : Karl Shell

Download or read book Journal of Economic Theory written by Karl Shell and published by . This book was released on 1994 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of the Economics of Risk and Uncertainty

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Publisher : Newnes
ISBN 13 : 0444536868
Total Pages : 897 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of the Economics of Risk and Uncertainty by : Mark Machina

Download or read book Handbook of the Economics of Risk and Uncertainty written by Mark Machina and published by Newnes. This book was released on 2013-11-14 with total page 897 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics