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https://hdl.handle.net/1959.11/31700
Title: | Some Bounds to the Relevance of Decision Theory | Contributor(s): | Wright, Vic (author) | Publication Date: | 1983-12 | Open Access: | Yes | DOI: | 10.1111/j.1467-8489.1983.tb00427.x | Handle Link: | https://hdl.handle.net/1959.11/31700 | 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: | Australian Agricultural Economics Society | Place of Publication: | Australia | ISSN: | 0004-9395 | Fields of Research (FoR) 2020: | 460209 Planning and decision making 500303 Decision theory |
Socio-Economic Objective (SEO) 2020: | 150302 Management | Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
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Appears in Collections: | Journal Article UNE Business School |
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