search query: @author Gilboa, I. / total: 3
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| Author: | Gilboa, I. Schmeidler, D. |
| Title: | Act similarity in case-based decision theory |
| Journal: | Economic Theory
1997 : VOL. 9:1, p. 47-62 |
| Index terms: | ECONOMIC THEORY ECONOMICS DECISION MAKING |
| Language: | eng |
| Abstract: | Case-Based Decision Theory (CBDT) postulates that decision making under uncertainty is based on analogies to past cases. In its original version, it suggests that each of the available acts is ranked according to its own performance in similar decision problems encountered in the past. The purpose of this paper is to extend CBDT to deal with cases in which the evaluation of an act may also depend on past performance of different, but similar acts. To this end the authors provide a behavioral axiomatic definition of the similarity function over problem-act pairs. |
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