Decision analysis produces measures of value such as expected net present values or expected utilities and ranks alternatives by these value estimates. Other optimization-based processes operate in a similar manner. With uncertainty and limited resources, an analysis is never perfect, so these...

This paper investigates the impact of no-fault divorce laws on marriage and divorce in the United States. I propose a theory that captures the key stylized facts of the rising then declining divorce rates and the apparent convergence of divorce rates across the different divorce regimes. The...

The concept of crisis is very hard to define. It has its origin in the Greek word “krisis” which means the evolution stage of a situation in which a decision should be taken. This concept describes a break in the evolution of a phenomenon in which decisions are hard to take.

For long time, the mainstream economics has been characterized, on the one hand, by a sequence of axio-matic systems of increasing precision and mathematical sophis-tication and, on the other hand, a persistent gap between economic reality and predicti-ons derived from these ever more...

Organizations, particularly large multinational firms, have a substantial impact on the economies and societies in which they operate. Unfortunately some far-reaching influences are not anticipated, and, the consequences of these organizational actions can create long-term, adverse outcomes....