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  • Books
  • Articles  (3)
  • Articles: DFG German National Licenses  (3)
  • rationality  (2)
  • Artificial Intelligence  (1)
  • 1985-1989  (3)
  • Sociology  (3)
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  • Books
  • Articles  (3)
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  • Articles: DFG German National Licenses  (3)
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  • 1
    Electronic Resource
    Electronic Resource
    Instrumental rationality and cognitive rationality (1989)
    Springer
    Theory and decision 27 (1989), S. 7-36 
    Details
    ISSN: 1573-7187
    Keywords: rationality ; information ; expectations ; beliefs ; dynamic games ; game equilibria
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract Beside instrumental rationality, concerned with consistency between available means and pursued objectives, cognitive rationality, concerned with consistency between current beliefs and detained information, is nowadays bursting in economic theory. For an individual decision, the two notions are expressed structurally in similar forms, but they heavily interact in the deliberation process, especially when the agent is searching relevant information on his environment and his own determiners. In a game framework, the players' representations are formalized in a more and more sophisticated way, and are closely interwoven with their preferences in contemporary equilibrium notions as well as in selection between corresponding equilibrium points.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00133986
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Credit risk assessment and meta-judgment (1989)
    Springer
    Theory and decision 27 (1989), S. 117-133 
    Details
    ISSN: 1573-7187
    Keywords: Artificial Intelligence ; expert system ; meta-model loan granting ; credit risk assessment
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract Decision-making problems in credit risk assessment and authorization are often too complex to be processed by conventional methods. They involve judgmental procedures which are by nature non-deterministic. Artificial intelligence methods can be used to approach the problem from a different angle. This paper shows the feasibility of a multi-expert approach driven by a meta-model in assessing business risk. More precisely it describes the meta-expert as part of a knowledge-based system being developed to assist bank loan officers in assessing the activities of firms applying for a loan. The use of a meta-model to represent the expert's strategic reasoning has the advantage of offering adaptable systems capable of building dynamically the resolution strategy most suited to the problem to be solved.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00133991
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    Paper (German National Licenses)
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  • 3
    Electronic Resource
    Electronic Resource
    Biting the Bayesian bullet: Zeckhauser's problem (1988)
    Springer
    Theory and decision 25 (1988), S. 117-122 
    Details
    ISSN: 1573-7187
    Keywords: Bayesian decision theory ; sure thing principle ; independence axiom ; rationality ; irrationality
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract A troubling challenge to the basic principles of Bayesian decision theory is analyzed as a case where irrationality is no intellectual flaw but a characterological one, i.e., not stupidity but funk.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00134155
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    Paper (German National Licenses)
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