Background to Qualitative Decision Theory

This article provides an overview of the field of qualitative decision theory: its motivating tasks and issues, its antecedents, and its prospects. Qualitative decision theory studies qualitative approaches to problems of decision making and their sound and effective reconciliation and integration with quantitative approaches. Although it inherits from a long tradition, the field offers a new focus on a number of important unanswered questions of common concern to AI, economics, law, psychology, and management. As developed by philosophers, economists, and mathematicians over some 300 years, these disciplines have developed many powerful ideas and techniques, which exert major influences over virtually all the biological, cognitive, and social sciences. Their uses range from providing mathematical foundations for microeconomics to daily application in a range of fields of practice, including finance, public policy, medicine, and now even automated device diagnosis.