Wald's maximin model: a treasure in disguise!

Journal of Risk Finance

Volumn 9, Issue 3, 2008, Pages 287-291

  Sniedovich, Moshe ^a  

^a UNIVERSITY OF MELBOURNE   (Australia)

Author keywords

Decision making; Game theory; Information modelling; Mathematical modelling; Uncertainty management

Indexed keywords

EID: 85015627198     PISSN: 15265943     EISSN: 09657967     Source Type: Journal    
DOI: 10.1108/15265940810875603     Document Type: Article

References (10)

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4. French, S.D. (1988), Decision Theory, Ellis Horwood, New York, NY.
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7. Sniedovich, M. (2007), “The art and science of modeling decision-making under severe uncertainty”, Decision Making in Manufacturing and Services, Vol. 1 Nos 1/2, pp. 111-36.
8. von Neumann, J. and Morgenstern, O. (1944), Theory of Games and Economic Behavior, Princeton University Press, Princeton, NJ.
9. Wald, A. (1945), “Statistical decision functions which minimize the maximum risk”, The Annals of Mathematics, Vol. 46 No. 2, pp. 265-80.
10. Wald, A. (1950), Statistical Decision Functions, Wiley, New York, NY.