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Response to Comments on Howard (2004)

Author

Listed:
  • Ronald A. Howard

    (Management Science and Engineering, School of Engineering, Stanford University, Stanford, California 94305)

Abstract

These remarks respond to the comments offered by four colleagues on my paper “Speaking of Decisions: Precise Decision Language” (Howard 2004). The response gives me the opportunity to clarify and expand on the paper and to note different views. In particular, I further discuss random variable, distinction, expected value, option, utility as a measure of happiness or satisfaction, subjective probability , the necessity of a value measure for computing the value of clairvoyance , decision analysis as a normative discipline, and the inability of the clairvoyant to provide probabilities. I conclude with a concept map for the language and a table showing where the terms are most useful in conversations with students and clients.

Suggested Citation

  • Ronald A. Howard, 2004. "Response to Comments on Howard (2004)," Decision Analysis, INFORMS, vol. 1(2), pages 89-92, June.
    • Handle: RePEc:inm:ordeca:v:1:y:2004:i:2:p:89-92
    DOI: 10.1287/deca.1030.0018
    as

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    References listed on IDEAS

    as
    1. Craig W. Kirkwood, 2004. "Prospects for a Decision Language," Decision Analysis, INFORMS, vol. 1(2), pages 84-85, June.
    2. Rex Brown, 2004. "Naming Concepts Worth Naming," Decision Analysis, INFORMS, vol. 1(2), pages 86-88, June.
    3. James E. Smith, 2004. "Precise Decision Language," Decision Analysis, INFORMS, vol. 1(2), pages 79-81, June.
    4. Ralph L. Keeney, 2004. "Communicating About Decisions," Decision Analysis, INFORMS, vol. 1(2), pages 82-83, June.
    5. Ronald A. Howard, 2004. "Speaking of Decisions: Precise Decision Language," Decision Analysis, INFORMS, vol. 1(2), pages 71-78, June.
    Full references (including those not matched with items on IDEAS)

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