Confidence Structures in Decision Making

Abstract

Decision making is defined in terms of four elements: the set of decisions, the set of outcomes for each decision, a set-valued criterion function, the decision maker's value judgment for each outcome. Various confidence structures are defined, which give the decision maker's confidence of a given decision leading to a particular outcome. The relation of certain confidence structures to Bayesian decision making and to membership functions in fuzzy set theory is established. A number of schemes are discussed for arriving at 'best' decisions, and some new types of domination structures are introduced.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1975
Accession Number
ADA015610

Entities

People

  • G. Leitmann
  • P. L. Yu

Organizations

  • University of Texas at Austin

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Commerce
  • Economics
  • Fuzzy Sets
  • Hierarchies
  • Intervals
  • Judgment
  • Mathematical Programming
  • Military Research
  • Numbers
  • Probability
  • Probability Density Functions
  • Probability Distributions
  • Real Numbers
  • Set Theory
  • United States
  • United States Government
  • Universities

Readers

  • Artificial Intelligence
  • Mathematical Modeling and Probability Theory.
  • Statistical inference.

Technology Areas

  • AI & ML
  • AI & ML - Bayesian Inference
  • AI & ML - Machine Learning Algorithms