Info-gap Decision Theory - Decision Rules

Decision Rules

Based on these function, one can then decided on a course of action by optimizing for uncertainty: choose the decision which is most robust (can withstand the greatest uncertainty; "satisficing"), or choose the decision which requires the least uncertainty to achieve a windfall.

Formally, optimizing for robustness or optimizing for opportuneness yields a preference relation on the set of decisions, and the decision rule is the "optimize with respect to this preference".

In the below, let be the set of all available or feasible decision vectors .

Read more about this topic:  Info-gap Decision Theory

Famous quotes containing the words decision and/or rules:

    You can hesitate before deciding, but not once the decision is made.
    José Bergamín (1895–1983)

    However patriarchal the world, at home the child knows that his mother is the source of all power. The hand that rocks the cradle rules his world. . . . The son never forgets that he owes his life to his mother, not just the creation of it but the maintenance of it, and that he owes her a debt he cannot conceivably repay, but which she may call in at any time.
    Frank Pittman (20th century)