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On the Role of Immediate Probability in Various Decision Making Models

Kurt J. Engemann and Ronald R. Yager
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Kurt J. Engemann: Iona College
Ronald R. Yager: Iona College

A chapter in The Ordered Weighted Averaging Operators, 1997, pp 139-154 from Springer

Abstract: Abstract Recently, new approaches have been presented which contribute to decision analysis modeling. These methods provide a means of handling various ways of representing events, decision makers’ attitudes and payoffs. We will discuss how the new approaches may be used with each other as well as in conjunction with traditional methods. The role of immediate probability in various decision making models will be highlighted.

Keywords: Ordered weighted averaging operator; immediate probability; weighted median; belief function; utility (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4615-6123-1_12

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DOI: 10.1007/978-1-4615-6123-1_12

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