Why Moments (and Generalized Moments) Are Used in Statistics and Why Expected Utility Is Used in Decision Making: A Possible Explanation

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چکیده

Among the most efficient characteristics of a probability distribution are its moments and, more generally, generalized moments. One adequate numerical describing human behavior is expected utility. In both cases, corresponding characteristic sum results applying appropriate nonlinear functions applied to individual inputs. this paper, we provide possible theoretical explanation why such efficient.

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ژورنال

عنوان ژورنال: Studies in systems, decision and control

سال: 2023

ISSN: ['2198-4182', '2198-4190']

DOI: https://doi.org/10.1007/978-3-031-16415-6_27