In Richard Bradley’s book, Decision Theory with a Human Face (2017), we have selected two themes for discussion. The first is the Bolker-Jeffrey (BJ) theory of decision, which the book uses throughout ...
Suppose we know the utility function of a risk averse decision maker who values a risky prospect X at a price C E. Based on this information alone I develop upper bounds for the tails of the ...
Researchers thought that they were five years away from solving a math riddle from the 1980's. In reality, and without knowing, they had nearly cracked the problem and had just given away much of the ...