Abstract
Sequences of decisions where the consequence obtained at one stage may determine the choice alternatives available at the next one, are handled by dynamic decision models, both under normative and descriptive viewpoints. In reality, almost all decisions are made sequentially in time, partly independent of and partly dependent upon the consequences of previous decisions. However, systematic studies of dynamic decision behavior began to occur rather late in the history of decision making research.
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© 1975 D. Reidel Publishing Company, Dordrecht, Holland
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Wendt, D., Vlek, C. (1975). Editors’ Introduction. In: Wendt, D., Vlek, C. (eds) Utility, Probability, and Human Decision Making. Theory and Decision Library, vol 11. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-1834-0_21
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DOI: https://doi.org/10.1007/978-94-010-1834-0_21
Publisher Name: Springer, Dordrecht
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