کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1147743 957793 2011 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Adaptive utility and trial aversion
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Adaptive utility and trial aversion
چکیده انگلیسی

Decision making with adaptive utility provides a generalisation to classical Bayesian decision theory, allowing the creation of a normative theory for decision selection when preferences are initially uncertain. In this paper we address some of the foundational issues of adaptive utility as seen from the perspective of a Bayesian statistician. The implications that such a generalisation has upon the traditional utility concepts of value of information and risk aversion are also explored, with a new concept of trial aversion introduced that is similar to risk aversion, but which concerns a decision maker's aversion to selecting decisions with high uncertainty over resulting utility.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Statistical Planning and Inference - Volume 141, Issue 2, February 2011, Pages 734–747
نویسندگان
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