It is assumed that a subjective or objective probability distribution of consequences was associated with each alternative . It will make use of the subjective expected utility theory . By admitting subjectively assigned probabilities , subjective expected utility theory opened the way to fusing subjective opinions with objective data , an approach that can also be used in man-machine decision-making systems . In the probabilistic version of the theory , Bayes 's rule prescribes how people should take account of new information and how they should...











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