ENGLISH

A Theory of Case-Based Decisions

By Itzhak Gilboa , David Schmeidler

Book information

Year
2001
ISBN
0521802342, 9780521802345, 9780511012952
LCC
HD30.23 .G53 2001
Open Library ID
OL3969478M
Language
english
Format
PDF
Filesize
604 kB (618873 bytes)
Pages
212\210
Time added
2011-06-04 13:46:07

Description

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.

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