Expected utility and case-based reasoning (Q1964737)
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scientific article; zbMATH DE number 1406425
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Expected utility and case-based reasoning |
scientific article; zbMATH DE number 1406425 |
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Expected utility and case-based reasoning (English)
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2000
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The author presents an equivalence result between expected utility theory and a modified version of case-based decision theory. Case-based decision theory was proposed and axiomatized, for reasoning in psychology and artificial intelligence. Also it is considered as a descriptive theory of human behavior, because a decision maker remembers similar situations to the current problem and uses them to help solve it. In this sense the decision maker satisfies rather than optimizes.
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expected utility theory
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case-based decision theory
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