A countable stage, countable state, finite action decision problem is considered where the objective is the maximization of the expectation of an arbitrary utility function defined on the sequence of ...

Suppose we know the utility function of a risk averse decision maker who values a risky prospect X at a price C E. Based on this information alone I develop upper bounds for the tails of the ...

Florida Power Corp. mismanaged its Crystal River nuclear plant for years, which is a major reason the state should rescind the utility's latest rate increase, says a new analysis commissioned by the ...