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Rational Decisions

Journal of the Royal Statistical Society Series B (Statistical Methodology)Published 1 January 1952
I. J. Good
Citations919
SJR quartileQ1
SJR score3.31
SNIP2.48

Abstract

Summary This paper deals first with the relationship between the theory of probability and the theory of rational behaviour. A method is then suggested for encouraging people to make accurate probability estimates, a connection with the theory of imformation being mentioned. Finally Wald’s theory of statistical decision functions is summarised and generalised and its relation to the theory of rational behaviour is discussed.

Keywords

Mathematics