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| Author: | Modica, S. |
| Title: | Expected utility for decision making with subjective models |
| Journal: | Theory and Decision
1995 : SEP, VOL. 39:2, p. 157-168 |
| Index terms: | DECISION MAKING MODELS VIOLENCE |
| Language: | eng |
| Abstract: | According to Savage "a state of the world is a description of the world, leaving no relevant aspect undescribed". This paper presents an analysis of decision situations in which the decision maker feels he may be unaware of some aspects which are relevant for the determination of the consequences of his actions, and therefore does not think that the model on which his decision is based is a faithful representation of reality. In the present interpretation, in such situations the decision maker need not believe that all actions which are perceived as resulting with certainty in one consequence will necessarily do so. |
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