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. [Read more…] about Research team of mathematicians suggested a new decision making algorithm