THE AXIOMS OF SIMULATION MODEL OF MAKING DECISION
نویسندگان
چکیده
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Axioms for a Class of Algorithms of Sequential Decision Making
We axiomatically characterise a class of algorithms for making sequential decisions in situations of complete ignorance. These algorithms assume that a decision maker (DM) (human or or a software agent) has exogenously defined utilities for prizes and she uses the empirical distribution of prizes to calculate the “expected utility” of each action maximising this expected utility at each stage o...
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ژورنال
عنوان ژورنال: Science-based technologies
سال: 2009
ISSN: 2310-5461,2075-0781
DOI: 10.18372/2310-5461.4.5159