A Theory of Case-Based Decisions
ISBN-13:
9780521003117
ISBN-10:
0521003113
Author:
Itzhak Gilboa, David Schmeidler
Publication date:
2001
Publisher:
Cambridge University Press
Format:
Paperback
210 pages
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Book details
ISBN-13:
9780521003117
ISBN-10:
0521003113
Author:
Itzhak Gilboa, David Schmeidler
Publication date:
2001
Publisher:
Cambridge University Press
Format:
Paperback
210 pages
Summary
A Theory of Case-Based Decisions (ISBN-13: 9780521003117 and ISBN-10: 0521003113), written by authors
Itzhak Gilboa, David Schmeidler, was published by Cambridge University Press in 2001.
With an overall rating of 3.5 stars, it's a notable title among other
Microeconomics
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Description
Gilboa and Schmeidler provide a new paradigm for modeling decision making under uncertainty. Case-based decision theory suggests that people make decisions by analogies to past cases: they tend to choose acts that performed well in the past in similar situations, and to avoid acts that performed poorly. The authors describe the general theory and its relationship to planning, repeated choice problems, inductive inference, and learning. They highlight its mathematical and philosophical foundations and compare it to expected utility theory as well as to rule-based systems.
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