. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …

In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … institutional theory that points to stakeholder and institutional dynamics affecting economic incentives to invest in prevention and … business continuity. Taken together, this article offers the foundation for a behaviorally plausible, decision …

afflict medical decision making, I apply basic decision theory to suggest reasonable decision criteria with well …

errors in decision making are inevitable. Moreover, under the appropriate conditions, these decisions are random conditional … situations than would be possible with randomized control trials. This point is illustrated with data from medical decision …

The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a … parametric model of risky decision making. Our results suggest that models which provide for probability transformations are most …

supply in a model that explicitly incorporates myopic decision-making. Many of the results may seem counterintuitive. In most …

-inconsistency strengthen the normative appeal of the active-decision enrollment regime. However, financial illiteracy favors default enrollment … over active decision enrollment …