The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Case-Based Decision Theory
Abstract
This paper suggests that decision-making under uncertainty is, at least partly, case-based. We propose a model in which cases are primitive, and provide a simple axiomatization of a decision rule that chooses a “best” act based on its past performance in similar cases. Each act is evaluated by the sum of the utility levels that resulted from using this act in past cases, each weighted by the similarity of that past case to the problem at hand. The formal model of case-based decision theory naturally gives rise to the notions of satisficing decisions and aspiration levels.
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Citations
Cites
“Risk, Ambiguity, and the Savage Axioms.”
Ellsberg, D. (1961) · The Quarterly Journal of Economics · doi:10.2307/1884324 · Cited by 7,891
Schema induction and analogical transfer
Gick, M. L., & Holyoak, K. J. (1983) · Cognitive Psychology · doi:10.1016/0010-0285(83)90002-6 · Cited by 3,010
Gick, M. L., & Holyoak, K. J. (1980) · Cognitive Psychology · doi:10.1016/0010-0285(80)90013-4 · Cited by 2,552
Recent developments in modeling preferences: Uncertainty and ambiguity
Camerer, C., & Weber, M. (1992) · Journal of Risk and Uncertainty · doi:10.1007/bf00122575 · Cited by 1,795
Cited by
Opinion Dynamics and Learning in Social Networks
Acemoglu, D., & Ozdaglar, A. (2011) · Dynamic Games and Applications · doi:10.1007/s13235-010-0004-1 · Cited by 705
Mariani, M. M., Perez‐Vega, R., & Wirtz, J. (2022) · Psychology & Marketing · doi:10.1002/mar.21619 · Cited by 631
Maximization, learning, and economic behavior
Erev, I., & Roth, A. E. (2014) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1402846111 · Cited by 155
Satisficing: Integrating Two Traditions
Artinger, F. M., Gigerenzer, G., & Jacobs, P. (2022) · Journal of Economic Literature · doi:10.1257/jel.20201396 · Cited by 90
Imitation and luck: An experimental study on social sampling
Offerman, T., & Schotter, A. (2009) · Games and Economic Behavior · doi:10.1016/j.geb.2008.03.004 · Cited by 52
Metadata
- Authors
- Gilboa, I., & Schmeidler, D.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1995-08-01
- Volume
- 110
- Issue
- 3
- Pages
- 605-639
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2262420275
- Cited by
- 659
- References
- 4
- FWCI
- 9.97
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
