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