article

Rational Decisions

Journal of the Royal Statistical Society Series B (Statistical Methodology) · 1952 · Vol. 14(1) · pp. 107–114

Abstract

Summary This paper deals first with the relationship between the theory of probability and the theory of rational behaviour. A method is then suggested for encouraging people to make accurate probability estimates, a connection with the theory of imformation being mentioned. Finally Wald’s theory of statistical decision functions is summarised and generalised and its relation to the theory of rational behaviour is discussed.

Statistics Education and MethodologiesConnection (principal bundle)Relation (database)Mathematical economicsDecision theoryRational planning modelProbability theoryMathematicsStatistical theoryRational choice theory (criminology)Econometrics

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