Sure-thing principle
id:
sure-thing-principle-204-7445664
title:
Sure-thing principle
text:
In decision theory, the sure-thing principle states that a decision maker who decided they would take a certain action in the case that event E has occurred, as well as in the case that the negation of E has occurred, should also take that same action if they know nothing about E. The principle was coined by L.J. Savage:
A businessman contemplates buying a certain piece of property. He considers the outcome of the next presidential election relevant. So, to clarify the matter to himself, he asks
brand slug:
wiki
category slug:
encyclopedia
description:
Decision principle
original url:
https://en.wikipedia.org/wiki/Sure-thing_principle
date created:
2013-09-21T11:29:26Z
date modified:
2024-09-09T22:20:36Z
main entity:
{"identifier":"Q17126300","url":"https://www.wikidata.org/entity/Q17126300"}
image:
fields total:
13
integrity:
15