RUDN: University research team of mathematicians suggested a new decision making algorithm
India, Jan. 19 -- A research team from RUDN University developed an algorithm to help large groups of people make optimal decisions in a short time. They confirmed the efficiency of their model using the example of the market at which the outbreak of COVID-19 began. The model helped the administration and sellers agree on closing the market and reach a consensus about the sums of compensations in just three steps.Decision theory is a field of mathematics that studies the patterns of decision making and strategy selection. In the terms of mathematics, decision making is an optimization task with multiple criteria. Expert opinions, judgments, and possible risks are considered variables, and the relations between participants and the search ...
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