On the separation of preferences among marked point process wager alternatives

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dc.contributorWortman, Martin A.
dc.creatorPark, Jee Hyuk
dc.date.accessioned2010-01-15T00:13:02Z
dc.date.accessioned2010-01-16T00:54:47Z
dc.date.accessioned2017-04-07T19:55:33Z
dc.date.available2010-01-15T00:13:02Z
dc.date.available2010-01-16T00:54:47Z
dc.date.available2017-04-07T19:55:33Z
dc.date.created2008-05
dc.date.issued2009-05-15
dc.description.abstractA wager is a one time bet, staking money on one among a collection of alternatives having uncertain reward. Wagers represent a common class of engineering decision, where ?bets? are placed on the design, deployment, and/or operation of technology. Often such wagers are characterized by alternatives having value that evolves according to some future cash flow. Here, the values of specific alternatives are derived from a cash flow modeled as a stochastic marked point process. A principal difficulty with these engineering wagers is that the probability laws governing the dynamics of random cash flow typically are not (completely) available; hence, separating the gambler?s preference among wager alternatives is quite difficult. In this dissertation, we investigate a computational approach for separating preferences among alternatives of a wager where the alternatives have values that evolve according to a marked point processes. We are particularly concerned with separating a gambler?s preferences when the probability laws on the available alternatives are not completely specified.
dc.identifier.urihttp://hdl.handle.net/1969.1/ETD-TAMU-2757
dc.language.isoen_US
dc.subjectWager
dc.subjectDesign Decision
dc.subjectRisk Preference
dc.subjectMarked Point Process
dc.subjectExpected Utility
dc.subjectOptimization
dc.subjectMCMC
dc.titleOn the separation of preferences among marked point process wager alternatives
dc.typeBook
dc.typeThesis

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