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The Development of a Theory of Rational Intertemporal Choice
The aim of this article is to describe the evolution of a very dynamic theory: the theory of intertemporal choice. I present the first economic thinking on intertemporal decision-making, and expose how it resulted in Samuelson’s famous discounted utility
Germán Loewe
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A general optimal adaptive framework for managing a threatened species
Managers must determine which interventions best protect threatened species when the outcomes of interventions are uncertain. Adaptive management is a dynamic optimization approach that generates optimal management actions based on current knowledge ...
Sam Nicol +5 more
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Although expected utility theory has proven a fruitful and elegant theory in the finite realm, attempts to generalize it to infinite values have resulted in many paradoxes.
Chen, Eddy Keming, Rubio, Daniel
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Expected utility theory, Jeffrey’s decision theory, and the paradoxes [PDF]
In Richard Bradley’s book, Decision Theory with a Human Face, we have selected two themes for discussion. The first is the Bolker-Jeffrey theory of decision, which the book uses throughout as a tool to reorganize the whole field of decision theory, and ...
Baccelli, Jean, Mongin, Philippe
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Integrating Uncertainties in a Multi-Criteria Decision Analysis with the Entscheidungsnavi
The Entscheidungsnavi is an open-source decision support system based on multi-attribute utility theory, that offers various methods for dealing with uncertainties.
Sven Peters +2 more
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Asymptotic Efficiency of Point Estimators in Bayesian Predictive Inference
The point estimation problems that emerge in Bayesian predictive inference are concerned with random quantities which depend on both observable and non-observable variables.
Emanuele Dolera
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Bayesian Decision Theory and Stochastic Independence [PDF]
As stochastic independence is essential to the mathematical development of probability theory, it seems that any foundational work on probability should be able to account for this property. Bayesian decision theory appears to be wanting in this respect.
Mongin, Philippe
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On the relation between robust and Bayesian decision making [PDF]
This paper compares Bayesian decision theory with robust decision theory where the decision maker optimizes with respect to the worst state realization.
Adam, Klaus
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Quantitative Methods of Selecting a Tool for Project Management in the Financial Sector
The relevance of the study is due to the difficulties inherent in the selection of tools designed for effective project management in the financial sector, as well as the increasing competition in the financial services market.
D. A. Vlasov +2 more
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Quantum theory of measurements as quantum decision theory
Theory of quantum measurements is often classified as decision theory. An event in decision theory corresponds to the measurement of an observable. This analogy looks clear for operationally testable simple events.
Sornette, D., Yukalov, V. I.
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