Title :
Bounded Utilifies and Ruin Constraints
fDate :
5/1/1986 12:00:00 AM
Abstract :
A decisionmaker (DM) can ensure that the probability of ruin is no greater than a chosen amount by selecting gambles according to an expected utility rule that uses a bounded-above utility function. The bound does not depend on assumptions about what gambles DM will be offered in the future, so long as DM can refuse unacceptable gambles.
Keywords :
Computer science; Delta modulation; Probability; Snow; Upper bound; Utility theory; Waste materials;
Journal_Title :
Systems, Man and Cybernetics, IEEE Transactions on
DOI :
10.1109/TSMC.1986.4308980
