DECISION MAKING UNDER UNCERTAINTY

Authors

  • Abdusamadova Vasilakhon Elyorjon daughter,Mamatova Zilolaxon Xabibulloxonovna Associate Professor at Fergana State University Doctor of Philosophy (PhD) in Pedagogical Sciences ,Student at Fergana State University

DOI:

https://doi.org/10.55640/

Keywords:

Game against nature, expected monetary value, Laplace criterion, Wald’s minimax (maximin) criterion, Savage criterion, Hurwicz criterion, Hodges-Lehmann criterion.

Abstract

In this article, we will explore various criteria encountered in decision-making problems involving nature. These include the expected value (mathematical expectation) criterion, the Laplace criterion, Wald’s minimax (maximin) criterion, the Savage criterion, the Hurwicz criterion, and the Hodges-Lehmann criterion.

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References

1.Khodjayev A.X., Leman Sh.N. Management under Risk. – Tashkent: Ilm Ziyo, 2021.

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3.Abdurahmonov Q.X., Tadjibayev B.O. Fundamentals of Economic Analysis and Business Planning. – Tashkent: "Economics", 2019.

4.Akmalov A.T. Theory of Decision Making under Risk. – Tashkent: Fan, 2018.

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6.Raiffa H. Decision Analysis: Introductory Lectures on Choices under Uncertainty. – Addison-Wesley, 1968.

7.Laplace P.S. A Philosophical Essay on Probabilities. – Dover Publications, 1951.

8.Savage L.J. The Foundations of Statistics. – New York: Wiley, 1954.

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Published

2025-04-26

Issue

Vol. 4 No. 3 (2025): Journal of Multidisciplinary Sciences and Innovations: Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

DECISION MAKING UNDER UNCERTAINTY. (2025). Journal of Multidisciplinary Sciences and Innovations, 4(3), 633-639. https://doi.org/10.55640/

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