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A theory of case-based decisions PDF

208 Pages·2003·0.607 MB·English
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by Itzhak Gilboa, David Schmeidler| 2003| 208 pages| 0.607| English

About A theory of case-based decisions

Gilboa and Schmeidler provide a new paradigm for modeling decision making under uncertainty. Case-based decision theory suggests that people make decisions by analogies to past cases: they tend to choose acts that performed well in the past in similar situations, and to avoid acts that performed poorly. The authors describe the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning. They highlight its mathematical and philosophical foundations and compare it to expected utility theory as well as to rule-based systems.

Detailed Information

Author:Itzhak Gilboa, David Schmeidler
Publication Year:2003
ISBN:521802342
Pages:208
Language:English
File Size:0.607
Format:PDF
Price:FREE
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