Accession Number : AD0618379

Title :   THE ECONOMICS OF UNCERTAINTY VIII AND IX.

Descriptive Note : Working paper,

Corporate Author : CALIFORNIA UNIV LOS ANGELES WESTERN MANAGEMENT SCIENCE INST

Personal Author(s) : Borch,Karl

Report Date : JUN 1965

Pagination or Media Count : 2

Abstract : Decision rules are discussed which are independent of probability beliefs. It is indicated that it is possible to prove that such rules are either inconsistent, or equivalent to the Bernoulli principle. The mini-max solution to the zero-sum two-person game isdiscussed. (Author)

Descriptors :   (*DECISION MAKING, ECONOMICS), (*ECONOMICS, PROBABILITY), (*GAME THEORY, ECONOMICS), DISTRIBUTION(ECONOMICS), MATHEMATICAL MODELS, BEHAVIOR

Distribution Statement : APPROVED FOR PUBLIC RELEASE