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|    comp.ai    |    Awaiting the gospel from Sarah Connor    |    1,954 messages    |
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|    rhooker123@hotmail.com to All    |
|    Re: Uncertainty/Expected utility represe    |
|    15 May 06 23:48:32    |
      When I wrote a paper on agent modelling in consumer behaviour, which no       one read many years ago, we modelled uncertainty as a random percentage       assigned to any outcome. Fuzzy logic stuff.              >From my post graduate life in business, ick, I find that uncertainty is       assigned to an outcome as a simple process of subtraction. People feel       that they can make X for investment Y but they have uncertainty of T,       so they may make X+T to X-T, it is my experience that people manage       this in reality by taking the likely benefits to be X-T when they take       uncertainty as a factor, and only go higher when they ignore risk.              [ comp.ai is moderated ... your article may take a while to appear. ]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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