A Theory of Case-Based Decisions
Itzhak Gilboa and
David Schmeidler
Post-Print from HAL
Abstract:
Gilboa and Schmeidler provide a new paradigm for modeling decision making under uncertainty. Case-based decision theory suggests that people make decisions by analogies to past cases: they tend to choose acts that performed well in the past in similar situations, and to avoid acts that performed poorly. The authors describe the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning. They highlight its mathematical and philosophical foundations and compare it to expected utility theory as well as to rule-based systems.
Keywords: Case-Based; Decisions (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (156)
Published in Cambridge University Press, pp.212, 2001
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Book: A Theory of Case-Based Decisions (2001)
Book: A Theory of Case-Based Decisions (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00756321
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().