Analogy in Decision-Making


Autoria(s): Amarante, Massimiliano
Data(s)

29/07/2010

29/07/2010

01/09/2009

Resumo

In the context of decision making under uncertainty, we formalize the concept of analogy: an analogy between two decision problems is a mapping that transforms one problem into the other while preserving the problem's structure. We identify the basic structure of a decision problem, and provide a representation of the mappings that pre- serve this structure. We then consider decision makers who use multiple analogies. Our main results are a representation theorem for "aggregators" of analogies satisfying certain minimal requirements, and the identification of preferences emerging from analogical reasoning. We show that a large variety of multiple-prior preferences can be thought of as emerging from analogical reasoning.

Identificador

http://hdl.handle.net/1866/3998

Idioma(s)

en

Publicador

Université de Montréal, Département de sciences économiques

Relação

Cahier de recherche #2009-13

Tipo

Article