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Decision-making Process || Decision under Uncertainty: The Classical Models

โœ Scribed by Bouyssou, Denis; Dubois, Didier; Pirlot, Marc; Prade, Henri


Book ID
120387231
Publisher
ISTE
Year
2009
Weight
268 KB
Category
Article
ISBN
1848211163

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๐Ÿ“œ SIMILAR VOLUMES


Ordinal utility models of decision makin
โœ Charles F. Manski ๐Ÿ“‚ Article ๐Ÿ“… 1988 ๐Ÿ› Springer US ๐ŸŒ English โš– 992 KB

This paper studies two models of rational behavior under uncertainty whose predictions are invariant under ordinal transformations of utility. The 'quantile utility' model assumes that the agent maximizes some quantile of the distribution of utility. The 'utility mass' model assumes maximization of