Utilities, Psychological Values, and the Training of Decision-Makers

Abstract

The report discusses two alternative hypotheses for decision making under uncertainty. One concentrates on the case wherein the consequences are money amounts, but it can be applied to the other applying to general sets of consequences. In both hypotheses, subjective probabilities can be revealed by similar observational methods, but neither, it is stated, can claim to describe the actual behavior of untrained, inexperienced members of any culture. A challenge is made to psychologists to develop methods to train rational decision makers.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1975
Accession Number
ADA020010

Entities

People

  • Jacob Marschak

Organizations

  • University of California, Los Angeles

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Arithmetic
  • Commerce
  • Dispersions
  • Education
  • Executives
  • Human Behavior
  • Hypotheses
  • Mathematics
  • Numbers
  • Probability
  • Probability Distributions
  • Psychology
  • Real Numbers
  • Schools
  • Students
  • Training
  • Training Devices

Readers

  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.
  • Theoretical Analysis.