Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/31700
Title: Some Bounds to the Relevance of Decision Theory
Contributor(s): Wright, Vic  (author)orcid 
Publication Date: 1983-12
Open Access: Yes
DOI: 10.1111/j.1467-8489.1983.tb00427.xOpen Access Link
Handle Link: https://hdl.handle.net/1959.11/31700
Field of Research (FoR) 2020: 460209 Planning and decision making
500303 Decision theory
Socio-Economic Objective (SEO) 2020: 150302 Management
Abstract: Decision theory affords a means for the objectively rational use of information in decision-making. Concern has been expressed from time to time that the application of decision theory is, or is sometimes, of doubtful appropriateness. In this paper an attempt is made to identify a principal source of this concern and the mis-specification of decision problems using decision theory that it implies. Suggestions are offered as to how the merits of the use of decision theory might be retained in decision-making situations where doubts may arise about the appropriateness of its application.
Publication Type: Journal Article
Source of Publication: Australian Journal of Agricultural Economics, 27(3), p. 221-230
Publisher: The Australian Agricultural Economics Society
Place of Publication: Australia
ISSN: 0004-9395
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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