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Fuzziness and Approximate Reasoning - Epistemics on Uncertainty, Expectation and Risk in Rational Behavior (Hardcover, 2009 ed.)
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Fuzziness and Approximate Reasoning - Epistemics on Uncertainty, Expectation and Risk in Rational Behavior (Hardcover, 2009 ed.)
Series: Studies in Fuzziness and Soft Computing, 237
Expected to ship within 10 - 15 working days
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We do not perceive the present as it is and in totality, nor do we
infer the future from the present with any high degree of
dependability, nor yet do we accurately know the consequences of
our own actions. In addition, there is a fourth source of error to
be taken into account, for we do not execute actions in the precise
form in which they are imaged and willed. Frank H. Knight [R4.34,
p. 202] The "degree" of certainty of confidence felt in the
conclusion after it is reached cannot be ignored, for it is of the
greatest practical signi- cance. The action which follows upon an
opinion depends as much upon the amount of confidence in that
opinion as it does upon fav- ableness of the opinion itself. The
ultimate logic, or psychology, of these deliberations is obscure, a
part of the scientifically unfathomable mystery of life and mind.
Frank H. Knight [R4.34, p. 226-227] With some inaccuracy,
description of uncertain consequences can be classified into two
categories, those which use exclusively the language of probability
distributions and those which call for some other principle, either
to replace or supplement.
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