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Distributions over Expected Utilities in Decision Analysis
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Technology and Media.ORCID iD: 0000-0002-0665-1889
Dept. of Mathematical Statistics, Stockholm University, Forum 100 SE-164 40 Kista, Sweden.
Dept. of Computer and Systems Sciences, Stockholm University, Forum 100 SE-164 40 Kista, Sweden.
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Technology and Media. (STC)ORCID iD: 0000-0003-0310-0018
Responsible organisation
2007 (English)In: ISIPTA 2007 - Proceedings of the 5th International Symposium on Imprecise Probability: Theories and Applications, 2007, 175-182 p.Conference paper, (Refereed)
Abstract [en]

It is often recognised that in real-life decision situations, classical utility theory puts too strong requirements on the decision-maker. Various interval approaches for decision making have therefore been developed and these have been reasonably successful. However, a problem that sometimes appears in real-life situations is that the result of an evaluation still has an uncertainty about which alternative is to prefer. This is due to expected utility overlaps rendering discrimination more difficult. In this article we discuss how adding second-order information may increase a decision-maker�s understanding of a decision situation when handling aggregations of imprecise representations, as is the case in decision trees or influence diagrams.

Place, publisher, year, edition, pages
2007. 175-182 p.
Keyword [en]
Decision analysis, Imprecise probabilities, Imprecise utilities, Hierarchical models
National Category
Computer Science
Identifiers
URN: urn:nbn:se:miun:diva-4263Scopus ID: 2-s2.0-55849116114Local ID: 5034ISBN: 978-808674220-5 (print)OAI: oai:DiVA.org:miun-4263DiVA: diva2:29295
Conference
5th International Symposium on Imprecise Probability: Theories and Applications, ISIPTA 2007; Prague; Czech Republic; 16 July 2007 through 19 July 2007; Code 98794
Available from: 2008-09-30 Created: 2008-09-30 Last updated: 2016-09-23Bibliographically approved
In thesis
1. Essays on theories and applications of decision analysis in imprecise domains
Open this publication in new window or tab >>Essays on theories and applications of decision analysis in imprecise domains
2008 (English)Doctoral thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Sundsvall: Mid Sweden University, 2008. 79 p.
Series
Mid Sweden University doctoral thesis, ISSN 1652-893X ; 61
National Category
Computer Science
Identifiers
urn:nbn:se:miun:diva-7803 (URN)978-91-86073-13-8 (ISBN)
Public defence
(English)
Supervisors
Available from: 2008-12-16 Created: 2008-12-16 Last updated: 2011-02-06Bibliographically approved

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Citation style
  • apa
  • harvard1
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  • modern-language-association-8th-edition
  • vancouver
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More styles
Language
  • de-DE
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Output format
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