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COMP6203 > Utility Theory > Flashcards

Utility Theory Flashcards

1
Q

Preference relation

A

Binary relation between outcomes
Reflexive, total and transitive

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2
Q

Decision making as tuple

A

Choices
Outcomes (Consequences)
Outcome function (choices to consequences)
Preference relation between outcomes
Utility function representing preference relation

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3
Q

Benefits of using numerical utilities

A

Express decision problems as optimisation problems

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COMP6203 (9 decks)

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