We build a satisficing model of probabilistic choice under risk which embeds Expected Utility Theory (EUT) into a boundedly rational deliberation process. The decision maker accumulates evidence for and against alternative options by repeatedly sampling from her underlying set of EU preferences...

Effective integrated water management is a key component of the World Water Vision and the way in which aspirations for water equity may be realized. Part of the vision includes the promotion of sustainability of water systems and full accountability for their interaction with other urban...

The approach to water management worldwide is currently in transition, with a shift evident from purely centralised infrastructure to greater consideration of decentralised technologies, such as rainwater harvesting (RWH). Initiated by recognition of drivers including increasing water demand and...

This paper investigates disclosure by testing if the game theoretic predictions of unravelling theory are borne out in a heretofore unstudied market. We analyse TripAdvisor disclosures from hoteliers across 22 locations (N = 4357). Contrary to theoretical predictions, we find that disclosure...

Although there is evidence of surface-based storm drainage systems in early Babylonian and Mesopotamian Empires in Iraq (<i>ca</i>. 4000–2500 BC), it is not until after <i>ca</i>. 3000 BC that we find evidence of the well organized and operated sewer and drainage systems of the Minoans and Harappans in...

Future<strong> </strong>scenarios provide challenging, plausible and relevant stories about how the future could unfold. Urban Futures (UF) research has identified a substantial set (450) of seemingly disparate scenarios published over the period 1997–2011 and within this research, a sub-set of 160 scenarios...

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...

Regret Theory postulates that choices may be influenced by the chooser's expectation that certain outcomes will be associated with an experience of regret (or, for positive outcomes, rejoicing), and a desire to avoid or experience these emotions. In a laboratory study (N = 50) of student...

Engineering research plays an important role in realisation of decarbonisation. However, translational change is notoriously challenging. We explore the extent to which a wicked problem framework can be useful in driving real progress. We evaluate decarbonisation programmes via a complex...

Management errors in decision making have many sources, but errors rooted in conceptual confusions are persistent. An example is costs; difficulties arise when an organisation allocates fixed costs to product lines before assessing their profitability. Large, non-profit maximising organisations,...