On rho in a Decision-Theoretic Apparatus of Dempster-Shafer Theory

Computer Science – Artificial Intelligence

Scientific paper

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

16 pages, 2 figures

Scientific paper

Thomas M. Strat has developed a decision-theoretic apparatus for Dempster-Shafer theory (Decision analysis using belief functions, Intern. J. Approx. Reason. 4(5/6), 391-417, 1990). In this apparatus, expected utility intervals are constructed for different choices. The choice with the highest expected utility is preferable to others. However, to find the preferred choice when the expected utility interval of one choice is included in that of another, it is necessary to interpolate a discerning point in the intervals. This is done by the parameter rho, defined as the probability that the ambiguity about the utility of every nonsingleton focal element will turn out as favorable as possible. If there are several different decision makers, we might sometimes be more interested in having the highest expected utility among the decision makers rather than only trying to maximize our own expected utility regardless of choices made by other decision makers. The preference of each choice is then determined by the probability of yielding the highest expected utility. This probability is equal to the maximal interval length of rho under which an alternative is preferred. We must here take into account not only the choices already made by other decision makers but also the rational choices we can assume to be made by later decision makers. In Strats apparatus, an assumption, unwarranted by the evidence at hand, has to be made about the value of rho. We demonstrate that no such assumption is necessary. It is sufficient to assume a uniform probability distribution for rho to be able to discern the most preferable choice. We discuss when this approach is justifiable.

No associations

LandOfFree

Say what you really think

Search LandOfFree.com for scientists and scientific papers. Rate them and share your experience with other people.

Rating

On rho in a Decision-Theoretic Apparatus of Dempster-Shafer Theory does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with On rho in a Decision-Theoretic Apparatus of Dempster-Shafer Theory, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and On rho in a Decision-Theoretic Apparatus of Dempster-Shafer Theory will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFWR-SCP-O-545270

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.