Article ID: | iaor2007889 |
Country: | Lithuania |
Volume: | 14 |
Issue: | 2 |
Start Page Number: | 259 |
End Page Number: | 272 |
Publication Date: | Apr 2003 |
Journal: | Informatica |
Authors: | Zavadskas Edmundas Kazimieras, Peldschus Friedel, Ustinovichius Leonas |
Keywords: | game theory |
This paper considers the main positions of one-sided and two-sided problems. For one-sided problems only the method of solution ‘the distance to the ideal point’ is discussed in the actual version. For two-sided problems a distinction is made between games with rational behaviour and games against nature. The main strategic principles are as follows: simple min–max principle, extended min–max principle, Wald's rule, Savage criterion, Hurwicz's rule, Laplace's rule, Bayes's rule, Hodges–Lehmann rule. Questions of transforming the decision-making matrix are considered. The article gives the description of software as well as an example of an investment variant estimation.