Most models of decisionmaking under uncertainty describe a decision environment with a set of states and a set of outcomes. Objects of choice are acts, functions from states to outcomes. The decision maker (DM) holds a preference relation on the set of all such functions. Representation theorems characterize those preference relations with utility functions on acts that separate (more or less) tastes on outcomes from beliefs on states. © 2013 Springer-Verlag Berlin Heidelberg.
CITATION STYLE
Blume, L. E., Easley, D. A., & Halpern, J. Y. (2013). Constructive decision theory (Extended Abstract). In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 7750 LNCS, pp. 1–4). Springer Verlag. https://doi.org/10.1007/978-3-642-36039-8_1
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