DocumentCode
1082368
Title
An Abbreviated States of the World Decision Model
Author
Fishburn, Peter C.
Author_Institution
Advanced Research Department, Research Analysis Corporation, McLean, Va. 22101
Volume
4
Issue
3
fYear
1968
Firstpage
300
Lastpage
306
Abstract
Terminal acts and states of the world are specified, but detailed consequences may not be explicitly listed in an abbreviated states model. Axiomatic analyses of this model, with and without experimentation prior to the selection of a terminal act, are presented. In the abbreviated model, state probabilities are not defined, but the analysis is similar in many ways to more specialized models that permit derivations of state probabilities.
Keywords
Communication system control; Costs; Information analysis; Investments; Petroleum; Risk analysis; Risk management; Statistics; Uncertainty; Utility theory;
fLanguage
English
Journal_Title
Systems Science and Cybernetics, IEEE Transactions on
Publisher
ieee
ISSN
0536-1567
Type
jour
DOI
10.1109/TSSC.1968.300123
Filename
4082158
Link To Document