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A A method of choice of the best alternative in the multiple solutions case in the Games Theory

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  • Catalin Angelo Ioan

    ()
    (Danubius University of Galati)

  • Gina Ioan

    ()
    (Danubius University of Galati)

Abstract

In the game theory, there are a classic series of four criteria: Wald, Hurwicz, Savage, Laplace with a special importance in the choice of optimal decision in the situations of uncertainty. These criteria providing reasonable answers from different points of view. The question is to discern between different choices when the criteria do not provide a unique answer. In this paper, we present a possible way to reduce the final number of variants.

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Bibliographic Info

Article provided by Danubius University of Galati in its journal The Journal of Accounting and Management.

Volume (Year): (2011)
Issue (Month): 1 (May)
Pages: 5-8

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Handle: RePEc:dug:jaccma:y:2011:i:1:p:5-8

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Web page: http://journals.univ-danubius.ro/index.php/jam
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Keywords: games theory; Wald; Savage; Hurwicz; Laplace; decision;

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