Concept

Decision rule

Related publications (5)

Multi-armed Bandits in Action

Making decisions is part and parcel of being human. Among a set of actions, we want to choose the one that has the highest reward. But the uncertainty of the outcome prevents us from always making the right decision. Making decisions under uncertainty can ...

EPFL2020

A mixed random utility Random regret model linking the choice of decision rule to latent character traits

Amanda Blomberg Stathopoulos

An increasing number of studies are concerned with the use of alternatives to random utility maximisation as a decision rule in choice models, with a particular emphasis on regret minimisation over the last few years. The initial focus was on revealing whi ...

2013

Learning Near-optimal Decision Rules for Energy Efficient Building Control

Colin Neil Jones

Recent studies suggest that advanced optimization based control methods such as model predictive control (MPC) can increase energy efficiency of buildings. However, adoption of these methods by industry is still slow, as building operators are used to work ...

2012

Learning Near-optimal Decision Rules for Energy Efficient Building Control

Colin Neil Jones

Recent studies suggest that advanced optimization based control methods such as model predictive control (MPC) can increase energy efficiency of buildings. However, adoption of these methods by industry is still slow, as building operators are used to work ...

2012

Neural Correlates of Value, Risk, and Risk Aversion Contributing to Decision Making under Risk

Decision making under risk is central to human behavior. Economic decision theory suggests that value, risk, and risk aversion influence choice behavior. Although previous studies identified neural correlates of decision parameters, the contribution of the ...

2009