Accession Number : ADA188074
Title : De Finett's Approach to Group Decision Making.
Descriptive Note : Technical rept.,
Corporate Author : CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER
Personal Author(s) : Barlow, Richard E ; Wechsler, Sergio ; Spizzichino, Fabio
PDF Url : ADA188074
Report Date : Jun 1987
Pagination or Media Count : 23
Abstract : A group of Bayesians must make a group decision; e.g., choose one of two final actions. De Finetti considered group decision making, relative to a special sequential decision problem, when all individuals have the same loss function but different opinions. In particular, he defined the individual horizon and the common horizon relative to a given group decision role such as a voting rule. He characterized voting rules as an average of decisions and argued that it is better for the group to use an average of opinions. Keywords: Bayesian statistics, Decision theory, Sequential analysis, Voting rules.
Descriptors : *DECISION MAKING, *GROUP DYNAMICS, BAYES THEOREM, DECISION THEORY, LOSSES, SEQUENCES, SEQUENTIAL ANALYSIS, STATISTICS
Subject Categories : Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE