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| Author: | Yilmaz, M. |
| Title: | In defense of a constructive, information-based approach to decision theory |
| Journal: | Theory and Decision
1997 : JUL, VOL. 43:1, p. 21-44 |
| Index terms: | INFORMATION DECISION THEORY MODELS |
| Language: | eng |
| Abstract: | Since the middle of this century, the dominant prescriptive approach to decision theory has been a deductive viewpoint which is concerned with axioms of rational preference and their consequences. After summarizing important problems with the preference primitive, this paper argues for a constructive approach in which information is the foundation for decision-making. This approach poses comparability of uncertain acts as a question rather than an assumption. |
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