Accession Number:

AD0263909

Title:

DEFERRED DECISION THEORY

Descriptive Note:

Corporate Author:

MICHIGAN UNIV ANN ARBOR OFFICE OF RESEARCH ADMINISTRATION

Personal Author(s):

Report Date:

1961-07-01

Pagination or Media Count:

1.0

Abstract:

The problem examined is the case of the simple two-alternative decision in which it is allowable to defer decision until further observations have been made. Given the costs of making errors and the cost of deferring a decision, the problem is to determine a course of action which will minimize the expected losses. An iterative algorithm is presented for calculation of decision points. The existence of decision points is proved by proving convergence for the algorithm. Results for Gaussian distributions run on the IBM 704 are included. For the parameters examined it is shown that the decision points converge within four deferrals. Author

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE