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SIGIR
2011
ACM
12 years 6 months ago
Utilizing marginal net utility for recommendation in e-commerce
Traditional recommendation algorithms often select products with the highest predicted ratings to recommend. However, earlier research in economics and marketing indicates that a ...
Jian Wang, Yi Zhang
AGI
2011
12 years 7 months ago
Information, Utility and Bounded Rationality
Abstract. Perfectly rational decision-makers maximize expected utility, but crucially ignore the resource costs incurred when determining optimal actions. Here we employ an axiomat...
Daniel Alexander Ortega, Pedro Alejandro Braun
AAAI
2012
11 years 6 months ago
Sequential Decision Making with Rank Dependent Utility: A Minimax Regret Approach
This paper is devoted to sequential decision making with Rank Dependent expected Utility (RDU). This decision criterion generalizes Expected Utility and enables to model a wider r...
Gildas Jeantet, Patrice Perny, Olivier Spanjaard
AROBOTS
2000
108views more  AROBOTS 2000»
13 years 3 months ago
Optimal Selection of Uncertain Actions by Maximizing Expected Utility
A new means of action selection via utility fusion is introduced as an alternative to both sensor fusion and command fusion. Distributed asynchronous behaviors indicate the utility...
Julio Rosenblatt
FS
2006
52views more  FS 2006»
13 years 3 months ago
Utility maximization under increasing risk aversion in one-period models
: It has been shown at different levels of generality that under increasing risk aversion utility indifference sell prices of a contingent claim converge to the super-replication p...
Patrick Cheridito, Christopher Summer