Robust ordinal regression for decision under risk and uncertainty
نویسندگان
چکیده
منابع مشابه
Decision-making under ordinal preferences and uncertainty
This paper investigates the problem of finding a preference relation on a set of acts from the knowledge of an ordering on events (subsets of states of the world) describing the decision-maker (DM)'s uncertainty and an ordering of consequences of acts, describing the DM's preferences. However, contrary to classical approaches to decision theory, we try to do it without resorting to any numerica...
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In the field of Artificial Intelligence many models for decision making under uncertainty have been proposed that deviate from the traditional models used in Decision Theory, i.e. the Subjective Expected Utility (SEU) model and its many variants. These models aim at obtaining simple decision rules that can be implemented by efficient algorithms while based on inputs that are less rich than what...
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Making any type of decision, from buying a car to siting a nuclear plant, from choosing the best student deserving a scholarship to ranking the cities of the world according to their liveability, involves the evaluation of several alternatives with respect to different aspects, technically called evaluation criteria. Multiple Criteria Decision Aiding (MCDA) (see [13, 14]) provides methodologies...
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This paper proposes a method that finds a preference relation on a set of acts from the knowledge of an ordering on events describing the decision-maker's uncertainty and an ordering of consequences of acts, describing the decision maker's preferences. However, contrary to classical approaches to decision theory, this method does not resort to any numerical representation of utility nor uncerta...
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Decision support systems intended for operation under real world conditions require reasoning mechanisms that are robust in the face of degraded data. We present two algebras for reasoning with incomplete and imprecise data that are suitable for such systems. The first is an extended qualitative algebra which includes operations over real numbers. This is appropriate for reasoning with largely ...
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ژورنال
عنوان ژورنال: Journal of Business Economics
سال: 2016
ISSN: 0044-2372,1861-8928
DOI: 10.1007/s11573-015-0801-5