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A Tutorial Introduction to Decision Theory
IEEE Transactions on Systems Science and Cybernetics
Decision theory provides a rational framework for choosing between alternative courses of action when the consequences resulting from this choice are imperfectly known. Two streams of thought serve as the foundations: utility theory and the inductive use of probability theory. The intent of this paper is to provide a tutorial introduction to this increasingly important area of systems science. The foundations are developed on an axiomatic basis, and a simple example, the "anniversary problem,"doi:10.1109/tssc.1968.300114 fatcat:ntjkgvklerhrpadi7z6mx5fsku