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About Decision Making Under Uncertainty: - How To Make One Decision in The Face of Uncertainty
This document discusses decision making under uncertainty. It introduces decision theory, which provides a calculus for decision making when outcomes are uncertain. Decision theory assumes a set of primitive outcomes, preferences over those outcomes, subjective probabilities about outcomes, and models uncertain outcomes as lotteries. It is characterized by axioms like orderability and transitivity that define rational preferences. If an agent's preferences satisfy the axioms, decision theory can determine how that agent should make decisions under uncertainty.
Detailed Information
| Author: | ['Ayola Jayamaha'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 102 |
| Language: | English |
| Format: | |
| Price: | FREE |
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