Decision Theory with Imperfect Information

Decision Theory with Imperfect Information



https://CourseBoat.com

English | ISBN: 9814611034 | 2014 | 468 pages | EPUB | 15 MB

Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.
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