This paper describes how belief, uncertainty and vagueness can be represented by subjective opinions. Criteria for decision making can be articulated in terms of uncertainty and vagueness in addition to expected utility. The notions of uncertainty and vagueness provide a simple way of explaining the Ellsberg paradox in decision making.
CITATION STYLE
Josang, A. (2016). Decision making under vagueness and uncertainty. In FUSION 2016 - 19th International Conference on Information Fusion, Proceedings (pp. 496–503). Institute of Electrical and Electronics Engineers Inc. https://doi.org/10.1007/978-3-319-42337-1_4
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