A decision model based on expected utility, entropy and variance

作者：

Highlights：

• A decision model based on expected utility, entropy and variance is proposed.

• Actions may have same entropy and expected utility, but different variances.

• The EU-EV model explains decision problems.

摘要

•A decision model based on expected utility, entropy and variance is proposed.•Actions may have same entropy and expected utility, but different variances.•The EU-EV model explains decision problems.

论文关键词：Decision analysis,Expected utility,Entropy,Variance,Decision model,Risk

论文评审过程：Received 6 December 2019, Revised 31 March 2020, Accepted 5 April 2020, Available online 13 April 2020, Version of Record 13 April 2020.

论文官网地址：https://doi.org/10.1016/j.amc.2020.125285