, and politicians employ these behaviors, and what their social consequences are from an economic theory perspective. This … economics. Each topic can be seen as an application of simple economic theory to an unusual subject matter in economics. Thus …

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

-of-chapter exercises. In addition to the general statistical methods, the book also includes Monte Carlo simulation and optimization. The …

This textbook is about three key aspects of system design: decision making under uncertainty, trade-off studies and … functions, quantitative metrics, prioritization and sensitivity analyses. Furthermore, human decision-making activities and … problems use these same tools. Therefore, these problems are also treated uniformly and modeled using prospect theory. Aimed at …

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 … -- Approximate Dynamic Programming By Practical Examples -- Server Optimization Of Infinite Queueing Systems -- Structures Of Optimal …

of dynamic optimization, dynamic games and meta-heuristics, which help to improve our understanding of (optimal) decision … dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of … -- 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 …