Accession Number : AD0732057

Title :   A Rational Approach to Decision Problems.

Descriptive Note : Technical summary rept.,

Corporate Author : WISCONSIN UNIV MADISON MATHEMATICS RESEARCH CENTER

Personal Author(s) : Nordbrock,Earl Edward

Report Date : JUL 1971

Pagination or Media Count : 106

Abstract : The author gives eight properties that he feels a criterion (for selecting optimal decision rules) should satisfy. The author then finds sufficient conditions so that the iterated minimax regret criterion satisfies these eight properties. (Author)

Descriptors :   (*DECISION THEORY, OPTIMIZATION), MINIMAX TECHNIQUE, GAME THEORY, PROBABILITY, CONVEX SETS, STATISTICAL ANALYSIS, THEOREMS

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE