Eventological Theory of Decision-Making

Vorobyev, Oleg Yu. and Goldblatt, Joe Jeff and Finkel, Rebecca (2008): Eventological Theory of Decision-Making. Published in: Journal of Siberian Federal University. Mathematics & Physics , Vol. 2, No. 1 (15 January 2009): pp. 3-16.

Abstract

The eventological theory of decision-making, the theory of event-based decision-making is a theory of decision-making based on eventological principles and using results of mathematical eventology [1]; a theoretical basis of the practical eventology [2, 3, 4]. The beginnings of this theory which have arisen from event-based representation of the reasonable subject and his decisions in the form of eventological distributions (E-distributions) of sets of events [5] and which are based on the eventological H-theorem [6] are offered. The illustrative example of the eventological decision-making by the reasonable subject on his own event-based behaviour in the financial or share market is considered.

• Item Type: MPRA Paper
• Language: English
• Keywords: eventology, event-based decision-making, eventological H-theorem
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making; C - Mathematical and Quantitative Methods > C0 - General; G - Financial Economics > G0 - General

References

[1] O.Yu. Vorob’ov, Eventology, Krasnoyarsk, Siberian Federal University, 2007 (in Russian).

[2] J.J. Goldblatt, Special Events, Past, Present and Future, fifth edition, John Wiley & Sons, 2007.

[3] J.J. Goldblatt, The Dictionary of Event Management, John Wiley & Sons, 1994.

[4] J.J. Goldblatt, Dollars & Events, John Wiley & Sons, 1998.

[5] O.Yu. Vorob’ov, Eventological principles, Proc. of the VII All-Rus. FAM’2008 Conference, Part one (ed. by Oleg Vorob’ov), Krasnoyarsk, Siberian Federal University, 42–48 (in Russian).

[6] O.Yu. Vorob’ov, Eventological H-theorem, Proc. of the VII All-Rus. FAM’2008 Conference, Part one (ed. by Oleg Vorob’ov), Krasnoyarsk, Siberian Federal University, 53–61 (in Russian).

[7] Erwin Schr¨odinger, What is Life the Physical Aspect of the Living Cell, Cambridge University Press, 1944.