What if you are not Bayesian? The consequences for decisions involving risk

DOI10.1016/J.EJOR.2017.09.027MaRDI QIDQ1754080zbMATH OpenOpenAlexFDO

Authors Paul Goodwin, Dilek Önkal, Herman O. Stekler

Publication date 30 May 2018

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10454/13512

zbMATH Keywords

riskBayes' theoremdecision processesjudgmental biases

Mathematics Subject Classification ID

Decision theory (91B06) Bayesian problems; characterization of Bayes procedures (62C10)

Recommendations

• Are People Bayesian? Uncovering Behavioral Strategies
• Non-Bayesian learning
• Belief revision generalized: a joint characterization of Bayes' and Jeffrey's rules
• scientific article; zbMATH DE number 3451179
• Ambiguity and the Bayesian paradigm

Cites work

• Akaike's information criterion in generalized estimating equations
• Are People Bayesian? Uncovering Behavioral Strategies
• Decision Quality Using Ranked Attribute Weights
• Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance
• Longitudinal data analysis using generalized linear models
• Providing support for decisions based on time series information under conditions of asymmetric loss
• Updating subjective risks in the presence of conflicting information: an application to climate change

Cited in

(5)

• Optimal lot sentencing based on defective counts and prior acceptability
• Behavioral Decision Theory
• Individuals' estimates of the risks of death. II: New evidence
• The use of base rate information as a function of experienced consistency
• A Bayesian perspective on biases in risk perception

This page was built for publication: What if you are not Bayesian? The consequences for decisions involving risk

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1754080)