Decision Theory With Imperfect Information

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Decision Theory With Imperfect Information is written by Aliev Rafig Aziz and published by World Scientific. It's available with International Standard Book Number or ISBN identification 9814611050 (ISBN 10) and 9789814611053 (ISBN 13).

Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.