Decision theory and the theory of rational choice have recently been the subjects of considerable research by philosophers and economists. However, no adequate

This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the

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An agent often does not have precise probabilities or utilities to guide resolution of a decision problem. I advance a principle of rationality for making decis

Introduction to Statistical Decision Theory: Utility Theory and Causal Analysis provides the theoretical background to approach decision theory from a statistic