The Leading eBooks Store Online 4,173,809 members ⚫ 1,357,844 ebooks

New to eBooks.com?

Learn more

A Theory of Case-Based Decisions

A Theory of Case-Based Decisions by Itzhak Gilboa
Buy this eBook
US$ 37.00 US$ 33.50
(If any tax is payable it will be calculated and shown at checkout.)
Gilboa and Schmeidler provide a paradigm for modelling decision making under uncertainty. Unlike the classical theory of expected utility maximization, case-based decision theory does not assume that decision makers know the possible 'states of the world' or the outcomes, let alone the decision matrix attaching outcomes to act-state pairs. 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. It is an alternative to expected utility theory when both states of the world and probabilities are neither given in the problem nor can be easily constructed. 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 with expected utility theory as well as with rule-based systems.
Cambridge University Press; July 2001
211 pages; ISBN 9780511032547
Read online, or download in secure PDF format
Title: A Theory of Case-Based Decisions
Author: Itzhak Gilboa; David Schmeidler
 
ISBNs
0511032544
9780511032547
9780521802345