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Non-Uniform Belief in Expected Utilities in Interval Decision Analysis
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Technology and Media. (STC)ORCID iD: 0000-0003-0310-0018
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Technology and Media. Dept. of Computer and Systems Sciences, Stockholm University, KTH, Kista.ORCID iD: 0000-0002-0665-1889
Dept. of Informatics, ESI, Örebro University, Örebro.
Responsible organisation
2005 (English)In: Proceedings of the Eighteenth International Florida Artificial Intelligence Research Society Conference, FLAIRS 2005 - Recent Advances in Artifical Intelligence, AAAI Press, 2005, 740-745 p.Conference paper, (Other academic)
Abstract [en]

This paper demonstrates that second-order calculations add information about expected utilities when modeling imprecise information in decision models as intervals and employing the principle of maximizing the expected utility. Furthermore, due to the resulting warp in the distribution of belief over the intervals of expected utilities, the conservative Gamma-maximin decision rule seems to be unnecessarily conservative and pessimistic as the belief in neighborhoods of points near interval boundaries is significantly lower than in neighborhoods near the centre. Due to this, a generalized expected utility is proposed.

Place, publisher, year, edition, pages
AAAI Press, 2005. 740-745 p.
Keyword [en]
Decision analysis, second-order probabilities, decision rule
National Category
Computer Science
Identifiers
URN: urn:nbn:se:miun:diva-3399Scopus ID: 2-s2.0-32844468750Local ID: 3470ISBN: 1577352343 (print)OAI: oai:DiVA.org:miun-3399DiVA: diva2:28431
Conference
Recent Advances in Artifical Intelligence - Eighteenth International Florida Artificial Intelligence Research Society Conference, FLAIRS 2005; Clearwater Beach, FL; United States; 15 May 2005 through 17 May 2005; Code 66624
Available from: 2008-09-30 Created: 2008-09-30 Last updated: 2016-09-27Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
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  • asciidoc
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