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

Author

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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.

Suggested Citation

  • Catalin Angelo Ioan & Gina Ioan, 2011. "A A method of choice of the best alternative in the multiple solutions case in the Games Theory," The Journal of Accounting and Management, Danubius University of Galati, issue 1, pages 5-8, May.
  • Handle: RePEc:dug:jaccma:y:2011:i:1:p:5-8
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    File URL: http://journals.univ-danubius.ro/index.php/jam/article/view/1328/1122
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    1. repec:spr:cejnor:v:25:y:2017:i:3:d:10.1007_s10100-016-0458-3 is not listed on IDEAS
    2. Helena Gaspars-Wieloch, 2015. "On a decision rule supported by a forecasting stage based on the decision maker’s coefficient of optimism," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 23(3), pages 579-594, September.

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    Keywords

    games theory; Wald; Savage; Hurwicz; Laplace; decision;

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