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Optimization

In: Decision Theory and Decision Behaviour

Author

Listed:
  • Anatol Rapoport

Abstract

In situations represented as decisions under certainty, the actor chooses among a set of alternatives in one-to-one correspondence with a set of outcomes. If the actor knows which of the outcomes he most prefers, clearly the rational choice is of the alternative associated with the most preferred outcome.

Suggested Citation

  • Anatol Rapoport, 1998. "Optimization," Palgrave Macmillan Books, in: Decision Theory and Decision Behaviour, edition 0, chapter 2, pages 26-49, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37776-9_3
    DOI: 10.1057/9780230377769_3
    as

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