A simpler and more realistic subjective decision theory
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DOI: 10.1007/s11229-017-1594-6
Abstract: In his classic book “the Foundations of Statistics” Savage develops a formal system of rational decision making. It is based on (i) a set of possible states of the world, (ii) a set of consequences,… read more here.
Keywords: decision; assumption; constant act; preference relation ... See more keywords