Showing 1 - 4 of 4
This paper presents a new axiomatic decision theory for choice under uncertainty. Unlike Bayesian decision theory where uncertainty is represented by a probability function, in our theory, uncertainty is given in the form of a likelihood function extracted from statistical evidence. The...
Persistent link: https://www.econbiz.de/10009430923
In this paper, we study committee decision making process using game theory. By a committee, we mean any group of people who have to pick one option from a given set of alternatives. A well defined voting rule is specified by which the committee arrives at a decision. Each member has a...
Persistent link: https://www.econbiz.de/10009430933
The main goal of this paper is to describe a method for exact inference in general hybrid Bayesian networks (BNs) (with a mixture of discrete and continuous chance variables). Our method consists of approximating general hybrid Bayesian networks by a mixture of Gaussians(MoG) BNs. There exists a...
Persistent link: https://www.econbiz.de/10009430949
By elaborating on the notion of linear belief functions (Dempster 1990; Liu 1996), we propose an elementary approach to knowledge representation for expert systems using linear belief functions. We show how to use basic matrices to represent market information and financial knowledge, including...
Persistent link: https://www.econbiz.de/10010600042