A general utility function for decision-making

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Robust Decision Making using a General Utility Set

Elicitation of an exact utility function of a decision maker is challenging. In this paper, we address the problem of ambiguity and inconsistency in utility assessments by studying a robust utility-based decision making model where the utility function belongs to a set of general increasing utility functions. We build a robust framework in which the utility function belongs to a set. This set o...

متن کامل

Benthamite Utility for Decision Making*

In modern economics, the theory of consumer behavior is exclusively based on observable preferences. It is widely believed that hedonistic and introspective aspects of utility are either irrelevant or at the minimum do not serve as a useful starting point for the analysis of decisions. The purpose of this paper is to argue that Kahneman's experienced utility theory provides an important insight...

متن کامل

A general theory of decision making

We formulate a general theory of decision making based on a lattice of observable events, and we exhibit a large class of representations called the general model. Some of the representations are equivalent to the so called standard model in which observable events are modelled by an algebra of measurable subsets of a state space, while others are not compatible with such a description. We show...

متن کامل

Decision Making Based on a Nonparametric Shape-Preserving Perturbation of a Reference Utility Function

This paper develops a robust optimization based decision-making framework using a nonparametric perturbation of a reference utility function. The perturbation preserves the risk-aversion property but solves the problem of ambiguity and inconsistency in eliciting the reference utility function. We study the topology of the perturbation, and show that in the decision-making framework the price of...

متن کامل

A GA Model Development for Decision Making Under Reverse Logistics

  Managing products’ end-of-life and recovery of used products is gaining significant importance during last years. Therefore, managing the reverse flow of products can be an important potential for winning consumers in future competitive markets. In this context, establishing reverse logistics networks is becoming a main problem in reverse supply chains. Genetic Algorithm (GA) is utilized to s...

متن کامل

ذخیره 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: Mathematical Modelling

سال: 1984

ISSN: 0270-0255

DOI: 10.1016/0270-0255(84)90005-8