Notes and Communications ON SENSITIVITY ANALYSIS IN DECISION THEORY*
- 1 October 1985
- journal article
- Published by Wiley in Decision Sciences
- Vol. 16 (4) , 399-409
- https://doi.org/10.1111/j.1540-5915.1985.tb01491.x
Abstract
This note points out a crucial flaw in Evans's recent article [1] on decision sensitivity analysis which was published in this journal. This flaw leads to errors in the majority of his formulae and examples. Correct distance formulae in “probability space,” easily computed from the problem data, are provided. After a critical discussion of some of the concepts Evans employed, we bring to the reader's attention a body of prior work in this area that apparently was overlooked.Keywords
This publication has 5 references indexed in Scilit:
- SENSITIVITY ANALYSIS IN DECISION THEORYDecision Sciences, 1984
- Decision making under uncertainty: Starr's Domain criterionTheory and Decision, 1983
- Sensitivity of Decisions to Probability Estimation Errors: A ReexaminationOperations Research, 1968
- Analysis of Decisions with Incomplete Knowledge of ProbabilitiesOperations Research, 1965
- Sensitivity of Decisions to Probability Estimation ErrorsOperations Research, 1963