Value Judgments Using Belief Functions*

نویسنده

  • Rajendra P. Srivastava
چکیده

The main purpose of this article is to show how the belief-function framework can be used to model human behavior when making decisions that involve value judgments. A rule of decision making has been presented in the form of a proposition. This proposition is simple and intuitive. It predicts correctly the observed behavior, even the behavior that is considered to be irrational under the expected utility theory (EUT). We use the empirical data of Tversky and Kahneman (1981, 1986) to show how well the proposed rule predicts the observed behavior. Also, we discuss the relevance of this study to moral reasoning and to making ethical judgments using the empirical results of Arnold and Ponemon (1991).

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تاریخ انتشار 1996