A note on quantifying the uncertainty corresponding to the utilities
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Universidad de Oviedo
info
ISSN: 0041-0241
Año de publicación: 1983
Volumen: 34
Número: 3
Páginas: 109-112
Tipo: Artículo
Otras publicaciones en: Trabajos de estadística e investigación operativa
Resumen
In a previous paper we have studied the relevant analogies between the variance, applied to a compound scheme of probability and utility, and the measure which we had defined to evaluate the unquietness for such a compound scheme. The purpose of the present note is to display the advantage exhibited by the second measure, with respect to the first one, in quantifying the uncertainty corresponding to the utilities. This advantage consists of the larger ability to distinguish among the different compound schemes, and results from the assymetry (more precisely, from the strict monotony) in the function intervening in the second measure