Grant, Simon; Quiggin, John C. - 2008
and criticism.
1
1 Introduction
Bayesian decision theory and its generalizations provide a powerful set of
tools for …’ does not imply (though it does not rule out) a focus on heuris-
tics inconsistent with standard decision theory. On the … heuristic).
In summary, Bayesian decision theory provides an appealing basis for
reasoning and choice for an unboundedly …