Finite approximations to coherent choice

DOI10.1016/J.IJAR.2008.07.001MaRDI QIDQ962889zbMATHOpenAlexFDO

Authors Matthias C. M. Troffaes

Publication date 7 April 2010

Published in International Journal of Approximate Reasoning (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1203.0919

zbMATH Keywords

decision makingsensitivity analysisnumerical analysismaximalitylower prevision\(E\)-admissibility

Mathematics Subject Classification ID

Statistical decision theory (62C99) Decision theory for games (91A35)

Abstract: This paper studies and bounds the effects of approximating loss functions and credal sets on choice functions, under very weak assumptions. In particular, the credal set is assumed to be neither convex nor closed. The main result is that the effects of approximation can be bounded, although in general, approximation of the credal set may not always be practically possible. In case of pairwise choice, I demonstrate how the situation can be improved by showing that only approximations of the extreme points of the closure of the convex hull of the credal set need to be taken into account, as expected.

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Cited in

(9)

• Finiteness and choice
• Sequential decision processes under act-state independence with arbitrary choice functions
• Approximation of choice functions with a constrained set of presentations
• Inference with Choice Functions Made Practical
• Computing expectations with continuous \(p\)-boxes: univariate case
• scientific article; zbMATH DE number 4112332 (Why is no real title available?)
• Approximation of choice function
• Maximum entropy derived and generalized under idempotent probability to address Bayes-frequentist uncertainty and model revision uncertainty: an information-theoretic semantics for possibility theory
• Finite approximations of data-based decision problems under imprecise probabilities

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