Purchase Solution

Brief discussion and an example of the difference between Savage's and Jeffrey's frameworks for decision theory.

Not what you're looking for?

Ask Custom Question

What is the main difference between Savage's and Jeffrey's framework for decision theory?

Purchase this Solution

Solution Preview

1. Savage's framework

Jeffrey's decision-theoretic model is meant to enrich the classical Savage type framework. In Savage's model, states of nature are probabilistically independent of acts. The decision-maker chooses the act that has the greatest expected utility (EU), which is computed as a weighted ...

Purchase this Solution


Free BrainMass Quizzes
Descartes Meditations on First Philosophy

Short quiz relating to Descartes

The World Health Organization

This quiz assesses the students knowledge about the World Health Organization. Although listed under “Philosophy” it is relevant to health care, political science, pre-med, and social scientist students as well.