Decision Theory With Imperfect Information

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Bibliographic Details
Title: Decision Theory With Imperfect Information
Description: Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.
Authors: Rafik Aziz Aliev, Oleg H Huseynov
Resource Type: eBook.
Subjects: Fuzzy decision making, Decision making--Mathematical models
Categories: COMPUTERS / Logic Design, COMPUTERS / Artificial Intelligence / General, COMPUTERS / Machine Theory
Database: eBook Collection (EBSCOhost)
Description
Abstract:Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.
ISBN:9789814611039
9789814611046
9789814611053