This paper is devoted to sequential decision problems with imprecise probabilities. We study the problem of determining an optimal strategy according to the Hurwicz criterion in de...
This paper describes a new algorithm to solve the decision making problem in Influence Diagrams based on algorithms for credal networks. Decision nodes are associated to imprecise...
─Humans have a drive to maximize knowledge of the world, yet decision making data also suggest a contrary drive to minimize cognitive effort using simplifying heuristics. The tra...
Bayesian advocates of expected utility maximization use sets of probability distributions to represent very different ideas. Strict Bayesians insist that probability judgment is n...
Rational decision making requires full knowledge of the utility function of the person affected by the decisions. However, in many cases, the task of acquiring such knowledge is n...