Great Expectations. Part II: Generalized Expected Utility as a Universal Decision Rule

Many different rules for decision making have been introduced in the literature. We show that a notion of generalized expected utility proposed in [Chu and Halpern 2003] is a universal decision rule, in the sense that it can represent essentially all other decision rules. This approach gives us a general technique for designing new decision rules as well as providing a framework for comparing decision rules to each other.

• Type: Conference
• Year: 2003
• Where: IJCAI
• Authors: Francis C. Chu, Joseph Y. Halpern
• Keywords: Decision Rules, IJCAI 2003, IJCAI 2007, Many Different Rules, Universal Decision Rule