that all probability preferences were linear. The whole is nothing more than the individual sum of each part. The third … axiom was that all the relevant information, data, evidence or knowledge base is complete, so that individual decision … asserted that all rational decision makers would be able to actually maximize utility and returns as long as government would …

additive probabilities,sub additive probabilities, interval valued estimates, decision weights, etc, in Parts II, III, IV and V …

B. Hill’s work on the “Confidence approach “ to decision making under uncertainty is based on the use of interval …

–weight of the evidence approach to decision making from the A Treatise on Probability, that Keynes integrated into the General … theorist like Keynes, is that decision makers are horribly ignorant of the laws of the probability calculus when making … decisions and thus make all kinds of errors and mistakes that could be corrected if the decision makers would restudy basic …

Eight centuries ago, Thomas Aquinas clearly differentiated between probability and uncertainty in decision making. He … the just price was likely to be inaccurate, due to missing or incomplete information so that the best one could do in a … possibly upper bounds) bound on the part of the buyer, where it was likely that the just price would lie, after a process of …

: decision-making efficiency implies rational choice …To minimize the cost of making decisions, an agent should use criteria to sort alternatives and each criterion should … categories) decision-making costs fall, even though an agent must then use more criteria. The most efficient option is …