the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of … uncertainty has been neglected and the subjective probability approach to uncertainty became dominant in economic theory. A …

economists model decision-making, how behavioral economics failed to correct them, and how they led to the problems with …

This textbook is about three key aspects of system design: decision making under uncertainty, trade-off studies and … formal risk analyses. Recognizing that the mathematical treatment of these topics is similar, the authors generalize existing … functions, quantitative metrics, prioritization and sensitivity analyses. Furthermore, human decision-making activities and …

This book presents classical Markov Decision Processes (MDP) for real-life applications and optimization. MDP allows … users to develop and formally support approximate and simple decision rules, and this book showcases state … Policies In Mdps With Unbounded Jumps: The State Of Our Art -- Markov Decision Processes For Screening And Treatment Of Chronic …

dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of … of dynamic optimization, dynamic games and meta-heuristics, which help to improve our understanding of (optimal) decision … -- Handling the complexity of predator-prey systems: managerial decision making in urban economic development and sustainable …

. This book offers a procedure for solving complex decision problems step by step. Unlike other texts, the book focuses on … problem analysis, on developing potential solutions, and on establishing a decision-making matrix. In this fourth edition of … the individual steps in the heuristic process. The book is intended for decision-makers at companies, non …