Please use this identifier to cite or link to this item:
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:
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

Files in This Item:
1 files
File SizeFormat 
Show full item record


checked on Oct 15, 2021
Google Media

Google ScholarTM





Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.