It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayes

Managers in organisations must make rational decisions. Rational decision making is the opposite of intuitive decision making. It is a strict procedure utilisin

In personal and public affairs alike we constantly confront the need for deciding among available alternatives. Sensible Decisions synthesizes Nicholas Rescher'

Rational Descriptions, Decisions and Designs is a reference for understanding the aspects of rational decision theory in terms of the basic formalism of informa