Decision theories can be separated into two categories: ____…
Decision theories can be separated into two categories: ___________, which gives advice on how to make the best decisions given a set of uncertain beliefs and a set of values and ________, which analyses how existing, possibly irrational agents actually make decisions.
Read DetailsImagine that you are deciding if you should take an umbrella…
Imagine that you are deciding if you should take an umbrella with you when leaving home tomorrow. The previous knowledge that you have about the event is the average weather in Minneapolis and the weather prediction report, both quite noisy/unreliable. Those say that it is not going to rain. You look outside and there are dark grey clouds. Dark grey clouds are generally a strong indicator that it will rain that day. If you want to be “Bayesian” about your decision, what should you do?
Read Details