Abstract
Decision-making under partial ignorance and partial knowledge of risk is discussed. The presented approach is unlike traditional approaches, but is not novel. It retains the MEU rule and advocates further determination of probabilities. However, the further determination does not require personal introspection or additional empirical data.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.