Implementable Prescriptive Decision Making
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F17%3A00479462" target="_blank" >RIV/67985556:_____/17:00479462 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Implementable Prescriptive Decision Making
Original language description
The need for inspecting (ir)rationality in decision making (DM) - the observed discrepancy between real and prescriptive DMs - stems from omnipresence of DM in individuals’ and society life. Active approaches try to diminish this discrepancy either by changing behaviour of participants (DM subjects) or modifying prescriptive theories as done in this text. It provides a core of unified merging methodology of probabilities serving for knowledge fusion and information sharing exploited in cooperative DM. Specifically, it unifies merging methodologies supporting a flat cooperation of interacting self-interested DM participants. They act without a facilitator and they are unwilling to spare a non-negligible deliberation effort on merging. They are supposed to solve their DM tasks via the fully probabilistic design (FPD) of decision strategies. This option is motivated by the fact that FPD is axiomatically justified and extends standard Bayesian DM. Merging is a supporting DM task and is also solved via FPD. The proposed merging formulation tries to be as general as possible without entering into technicalities of measure theory. The results generalise and unify earlier work and open a pathway to systematic solutions of specific, less general, problems.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
10103 - Statistics and probability
Result continuities
Project
<a href="/en/project/GA16-09848S" target="_blank" >GA16-09848S: Rationality and Deliberation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the NIPS 2016 Workshop on Imperfect Decision Makers
ISBN
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ISSN
1938-7228
e-ISSN
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Number of pages
12
Pages from-to
19-30
Publisher name
JMLR
Place of publication
Cambridge
Event location
Barcelona
Event date
Dec 9, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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