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A Theory of Case-Based Decisions

by Itzhak Gilboa

2020-12-29 09:30:17

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Gilboa and Schmeidler provide a new paradigm for modeling decision making under uncertainty. Case-based decision theory suggests that people make decisions by analogies to past cases: they tend to choose acts that performed well in the past in si... Read more
Gilboa and Schmeidler provide a new paradigm for modeling decision making under uncertainty. Case-based decision theory suggests that people make decisions by analogies to past cases: they tend to choose acts that performed well in the past in similar situations, and to avoid acts that performed poorly. The authors describe the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning. They highlight its mathematical and philosophical foundations and compare it to expected utility theory as well as to rule-based systems. Less

Book Details

File size8.5 X 5.47 X 0.63 in
Print pages210
PublisherCambridge University Press
Publication date July 26, 2001
LanguageEnglish
ISBN9780521003117
autor-image
Itzhak Gilboa
Author
Itzhak Gilboa is a chaired Professor in the Department of Economics and Decision Sciences at HEC, Paris and in the Eitan Berglas School of Economics at Tel Aviv University, and Fellow of the Cowles Fo...

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