A Framework for Probabilistic Decision-Making Using Change-of-Probability Measures

A Framework for Probabilistic Decision-Making Using Change-of-Probability Measures

Probabilistic decision-making is a fundamental problem considered in many disciplines from engineering to social sciences. In this article, we address decision-making in contexts where the law of large numbers (LLN) does not apply. Non-LLN regimes include almost all high-impact decisions. The rise o...

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Bibliographic Details
Main Authors: Saeede Enayati, Hossein Pishro-Nik
Format: Article
Language:English
Published: IEEE 2020-01-01
Series:IEEE Access
Subjects:
Decision-making
decision theory
expected utility
probability
risk analysis
St. Petersburg paradox
Online Access:https://ieeexplore.ieee.org/document/9184049/

Internet

https://ieeexplore.ieee.org/document/9184049/

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