Written in an informal way, this book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the framework of game theory in order to better fit with...

1 Overview of Behavioral Economics and Policy -- 2 The Four Pillars of Behavioral Paternalism -- 3 Failing Better: What We Learn by Confronting Risk and Uncertainty -- 4 Behavioral Nudges and Consumer Technology -- 5 Private-Sector Nudging: The Good, the Bad, and the Uncertain -- 6 Who Should...

Exceptional Academic Behavior -- Reinhard Selten a Wanderer -- Encounters with Reinhard Selten: An Office Mate’s Report -- Reinhard Selten’s Frankfurt Years from the Perspective of a Co-player -- Reinhard Selten and the Scientific Climate in Frankfurt During the Fifties -- Reinhard Selten...

Managing Uncertainty, Mitigating Risk proposes that financial risk management broaden its approach, maintaining quantification where possible, but incorporating uncertainty. The author shows that by using broad quantification techniques, and using reason as the guiding principle, practitioners...

The scope of this volume is primarily to analyze from different methodological perspectives similar valuation and optimization problems arising in financial applications, aimed at facilitating a theoretical and computational integration between methods largely regarded as alternatives....

Framing the Risk Challenge -- Understanding the Hidden Risk of Dynamic Complexity -- Understanding the Nature of Risk -- Human Interaction and Perception of Risk -- Risk Evolves as Experience Evolves -- Why the Risk Comes as a Surprise -- Systemic and Systematic Risk -- How Risk is Currently...

Random Set Theory -- Random Multiple Objective Decision Making -- Bi-random Multiple Objective Decision Making -- Random Fuzzy Multiple Objective Decision Making -- Random Rough Multiple Objective Decision Making -- Methodological System for RLMODM -- Some Mathematical Aids -- Some Procedures

und Gang der Untersuchung -- Grundlagen zum theoretischen Ansatz des Herdenverhaltens -- Informationskaskade bei Investitionsentscheidungen -- Herdenverhalten im Rahmen der Prinzipal-Agenten-Beziehung -- Zusammenwirkung der Informations- und Zahlungsexternalität im Rahmen der...

General Remarks on Robust Solutions -- Modeling of Uncertainty and Probabilistic Issues -- On Joint Modelling of Random Uncertainty and Fuzzy Imprecision -- On the Approximation of a Discrete Multivariate Probability Distribution Using the New Concept of -Cherry Junction Tree -- Robust Solutions...

Ongoing global changes pose fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge traditional models and require new concepts and analytical tools. Uncertainty can dominate, as in the...