Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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Two properties of preferences and representations for choice under uncertainty which play an important role in decision theory are: (i) admissibility, the requirement that weakly dominated actions ...

The Annals of Mathematical Statistics, Vol. 30, No. 1 (Mar., 1959), pp. 102-119 (18 pages) The problem of selecting the multinomial event which has the highest probability is formulated as a ...