The aim of this work is to present an algorithm inspired to Bruno de Finetti’s decision theory, limited to the version proposed by him in the essay “La probabilità: guida nel pensare e nell’agire” released in 1965. This work is focused on decision theory within the subjective theory of probability conceived by de Finetti. It opens with a brief overview of his theory of probability, followed by a methodological analysis functional to introduce the renowned de Finetti’s example model given for the solution of decision problems. Starting from this example, this work presents a mathematical generalization of the decision algorithm. Afterwards, a real decisional algorithm written in mathematical-style pseudo code is developed. Finally, some conclusive remarks are discussed along with possible future developments.

Understanding Bruno De Finetti’s decision theory: A basic algorithm to support decision-making behaviour

BUCCIARELLI, EDGARDO;MATTOSCIO, Nicola;ERASMO, VALENTINA
2018-01-01

Abstract

The aim of this work is to present an algorithm inspired to Bruno de Finetti’s decision theory, limited to the version proposed by him in the essay “La probabilità: guida nel pensare e nell’agire” released in 1965. This work is focused on decision theory within the subjective theory of probability conceived by de Finetti. It opens with a brief overview of his theory of probability, followed by a methodological analysis functional to introduce the renowned de Finetti’s example model given for the solution of decision problems. Starting from this example, this work presents a mathematical generalization of the decision algorithm. Afterwards, a real decisional algorithm written in mathematical-style pseudo code is developed. Finally, some conclusive remarks are discussed along with possible future developments.
2018
978-331960881-5
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11564/673106
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