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Optimization

Anatol Rapoport

Chapter 2 in Decision Theory and Decision Behaviour, 1998, pp 26-49 from Palgrave Macmillan

Abstract: Abstract In situations represented as decisions under certainty, the actor chooses among a set of alternatives in one-to-one correspondence with a set of outcomes. If the actor knows which of the outcomes he most prefers, clearly the rational choice is of the alternative associated with the most preferred outcome.

Keywords: Objective Function; Stationary Point; Minimization Problem; Basic Solution; Optimal Path (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37776-9_3

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DOI: 10.1057/9780230377769_3

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