| Article ID: | iaor20081942 |
| Country: | China |
| Volume: | 24 |
| Issue: | 3 |
| Start Page Number: | 114 |
| End Page Number: | 116 |
| Publication Date: | Mar 2006 |
| Journal: | Systems Engineering |
| Authors: | Wu Yuhua, Wang Quanwen, Wu Zhenkui, Liu Zhenhang |
Aiming at the Lindley paradox of maximal probability criterion in the risky decision, this paper provides a new decision criterion that can eliminate from Lindley paradox, namely Minimum Risk Criterion. According to an index named strategy risk, the criterion can evaluate all strategies and make decision.