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Decision Theory: The Next 100 Years?

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  • Fishburn, Peter C

Abstract

This paper discusses historical episodes, trends from the past half century, and projections for the next century in decision theory. In the future, computers will play a much greater role; experimental research on decision behavior will flourish; better models for vagueness, ambiguity, and time effects will emerge; a robust holistic theory that combines descriptive and normative influences will be developed; and nontraditional voting systems and methods of proportional representation will be widely adopted. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Fishburn, Peter C, 1991. "Decision Theory: The Next 100 Years?," Economic Journal, Royal Economic Society, vol. 101(404), pages 27-32, January.
    • Handle: RePEc:ecj:econjl:v:101:y:1991:i:404:p:27-32
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    Citations

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    Cited by:

    1. L. Robin Keller, 2009. "From the Editor..," Decision Analysis, INFORMS, vol. 6(1), pages 1-3, March.
    2. Berde, Éva & Petró, Katalin, 1995. "A különféle hasznosságfogalmak szerepe a közgazdaságtanban [The role of various notions of utility in economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 511-529.
    3. Jinqing Zhang, 2003. "Equilibria for Pure Exchange Infinite Economies in the Sense of Incomplete Preference," Annals of Economics and Finance, Society for AEF, vol. 4(2), pages 359-373, November.
    4. Andrea C. Hupman & Jay Simon, 2023. "The Legacy of Peter Fishburn: Foundational Work and Lasting Impact," Decision Analysis, INFORMS, vol. 20(1), pages 1-15, March.
    5. L. Robin Keller & Ali Abbas & Manel Baucells & Vicki M. Bier & David Budescu & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Ahti Salo & George Wu, 2010. "From the Editors..," Decision Analysis, INFORMS, vol. 7(4), pages 327-330, December.
      • L. Robin Keller & Manel Baucells & Kevin F. McCardle & Gregory S. Parnell & Ahti Salo, 2007. "From the Editors..," Decision Analysis, INFORMS, vol. 4(4), pages 173-175, December.
      • L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(4), pages 173-176, December.
      • L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2009. "From the Editors ..," Decision Analysis, INFORMS, vol. 6(4), pages 199-201, December.
    6. Niklas Vareman, 2008. "Norms and Descriptions," Decision Analysis, INFORMS, vol. 5(2), pages 88-99, June.
    7. Lall Ramrattan & Michael Szenberg, 2011. "Maurice Allais: A Review of His Major Works, A Memoriam, 1911–2010," The American Economist, Sage Publications, vol. 56(1), pages 104-122, May.

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