On Decision Theory and Incomplete Knowledge

Agunwamba, Christian C.

doi:10.1111/j.1467-6486.1981.tb00089.x

“…In other words, the extreme expected value and the extreme variances of the payoff values must occur at one of corner boundary points. However,Agunwamba [1980] pointed out a special case which was ignored by Kmietowicz and Pearman. When no more than two distinct payoff values exist for n possible states of nature, it is possible that the maximum variance occurs inside the feasible region.Kmietowicz andPearman [1981] then incorporated the expected value and variance into a single index, the index of utility, by introducing a coefficient of risk aversion.…”

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Economic analysis in the context of incomplete knowledge

Lee

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A model for the evaluation of mining investment proposals under incomplete knowledge

Çelebi

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,

Paşamehmetlu

²

1990

Mining Science and Technology

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Economic analysis in the context of incomplete knowledge

Lee

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This reproduction was made from a copy of a manuscript sent to us for publication and microfilming. While the most advanced technology has been used to pho tograph and reproduce this manuscript, the quality of the reproduction is heavily dependent upon the quality of the material submitted. Pages In any manuscript may have indistinct print. In all cases the best available copy has been filmed.The following explanation of techniques is provided to help clarify notations which may appear on this reproduction. Manuscripts may not always be complete. When it Is not possible to obtainmissing pages, a note appears to indicate this.2. When copyrighted materials are removed from the manuscript, a note ap pears to indicate this. University Microfilms I nternâtionâ! 300 N. zeeb Road, Ann Arbor, Ml 48106 Oversize materials (maps, drawings, and charts PLEASE NOTE:In all cases this material has been filmed in the best possible way from the available copy. Problems encountered with this document have been identified here with a check mark V . Signature was redacted for privacy.Signature was redacted for privacy.Signature was redacted for privacy.Signature was redacted for privacy.

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On Decision Theory and Incomplete Knowledge

Cited by 3 publications

References 2 publications

Economic analysis in the context of incomplete knowledge

Economic analysis in the context of incomplete knowledge

A model for the evaluation of mining investment proposals under incomplete knowledge

Economic analysis in the context of incomplete knowledge

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