Publication | Closed Access
Rational Decisions
907
Citations
0
References
1952
Year
Bayesian Decision TheoryEngineeringBehavioral Decision MakingStatistical Decision FunctionsRational ChoiceManagementBayesian ModelingDecision TheoryStatisticsCognitive ScienceRational BehaviourProbability TheoryRational Choice TheoryUtility TheoryBounded RationalityAccurate Probability EstimatesMartingale TransportImprecise ProbabilityDecision Science
Summary This paper deals first with the relationship between the theory of probability and the theory of rational behaviour. A method is then suggested for encouraging people to make accurate probability estimates, a connection with the theory of imformation being mentioned. Finally Wald’s theory of statistical decision functions is summarised and generalised and its relation to the theory of rational behaviour is discussed.