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. An article about the algorithm was published in the Information Sciences journal.
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