Sequential Decision Making in Production Models
نویسندگان
چکیده
منابع مشابه
Convergence in a sequential two stages decision making process
We analyze a sequential decision making process, in which at each stepthe decision is made in two stages. In the rst stage a partially optimalaction is chosen, which allows the decision maker to learn how to improveit under the new environment. We show how inertia (cost of changing)may lead the process to converge to a routine where no further changesare made. We illustrate our scheme with some...
متن کاملGroup Decision-Making Models for Sequential Tasks
The sequential probability ratio test (SPRT) and related drift-diffusion model (DDM) are optimal for choosing between two hypotheses using the minimal (average) number of samples and relevant for modeling the decision-making process in human observers. This work extends these models to group decision making. Previous works have focused almost exclusively on group accuracy; here, we explicitly a...
متن کاملModels of sequential decision making in consumer lending
Background In consumer lending, portfolio managers typically have access to a scorecard used to forecast default probability for each applicant. Scorecards are built using historical data on loan accounts and their respective performance data. The inputs into the scorecard include financial, demographic and other personal information about each applicant. The output of the scorecard is a real-v...
متن کاملPossibilistic sequential decision making
Article history: Received 21 March 2013 Received in revised form 14 November 2013 Accepted 15 November 2013 Available online 19 December 2013
متن کاملSequential Sampling Models for Cognitive and Perceptual Decision Making
! Abstract ! In the Berlin Cognitive Science meetings there was a brief session titled 'Sequential Sampling Models' (session 42) that attracted enormous interest: The room was packed and overflowed by a considerable amount, and both speakers and audience members felt there was much more to be presented and discussed than the few speakers and talks could allow. Quite a few people present agreed ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 1983
ISSN: 0002-9092,1467-8276
DOI: 10.2307/1240874