In this paper, we develop a decision-theoretic frameworkfor evaluating data mining systems, which employ classification … methods, in terms of their utility in decision-making. The decision-theoretic model provides an economic perspective on the … value of â extracted knowledge,â in terms of its payoff to the organization,and suggests a wide range of decision problems …

as well as descriptive decision and game theory have not provided yet a thorough theoretical treatment of these effects …. Therefore, this thesis develops first a theoretical fundament. It is based on the Cumulative Prospect Theory, which is extended … whereas a risk perception according to the Cumulative Prospect Theory has to be rejected. In multi-person-games the additional …

theory. Since this is a progress report, the content is subject to modification with new information. The supplementation … theory will continue to evolve throughout the duration of RASP and beyond. The other topics in this report are essentially …, Background, Description, Performance Measures, Uncertainty and Theory; Part 2, Theoretical Framework and Models; Part 3, Planning …

, which deals with decision making in contexts that are presumed to be simple and, therefore, disconnected from complex …

sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …

utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of … preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning …