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Decision theory with complex uncertainties
pp. 25-44
Abstract
A case is made for supposing that the total probability accounted for in a decision analysis is less than unity. This is done by constructing a measure on the set of all codes for computable functions in such a way that the measure of every effectively accountable subset is bounded by a number β<1. The consistency of these measures with the Savage axioms for rational preference is established. Implications for applied decision theory are outlined.
Publication details
Published in:
(1988) Synthese 75 (1).
Pages: 25-44
DOI: 10.1007/BF00873273
Full citation:
Madan Dilip B., Owings J. C. (1988) „Decision theory with complex uncertainties“. Synthese 75 (1), 25–44.