Showing 1 - 10 of 11,221
Persistent link: https://www.econbiz.de/10014391544
In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably … optimal extended strategies. Also, I discuss further issues in decision theory with imperfect recall, including the prospects …
Persistent link: https://www.econbiz.de/10011545421
Persistent link: https://www.econbiz.de/10015080995
Persistent link: https://www.econbiz.de/10014636278
for entrepreneurial decision-making. We examine a range of decision theories, ranking them in an order starting from EUT … main components and underlying concepts as they apply to entrepreneurial decision making. …
Persistent link: https://www.econbiz.de/10015048801
Persistent link: https://www.econbiz.de/10010413874
The standard, Bayesian account of rational belief and decision is often argued to be unable to cope properly with … replace it as a guide for rational decision making. It defends a recent proposal, which reserves a role for the decision maker … main fronts typically evoked as relevant for rational belief and decision. It fares particularly well, we argue, in …
Persistent link: https://www.econbiz.de/10012111149
Experts often disagree. A decision-maker may be averse to such expert disagreement. Existing models of aversion to … better than another, so should the decision-maker. Such unanimity among experts, however, can be spurious, masking …
Persistent link: https://www.econbiz.de/10013175548
Persistent link: https://www.econbiz.de/10011543863
The Quantum Decision Theory, developed recently by the authors, is applied to clarify the role of risk and uncertainty … in decision making and in particular in relation to the phenomenon of dynamic inconsistency. By formulating this notion … inconsistency occurring in some discounting effects. While time inconsistency is well accounted for in classical decision theory …
Persistent link: https://www.econbiz.de/10014202470