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of the expert, the decision-maker takes action at every period according to his posterior beliefs. At the end of each … round of play, the true current state is verifiable. The distinctive assumption of the paper is that the decision … experiment of unknown statistical bias. The paper shows that the expert will have instrumental reputational concerns, related to …
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The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
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(PP) and decision analysis (DA), for natural resources management within the context of climate change research. The … proposal is presented, called NetSyMoD (Network Analysis Creative System Modelling Decision Support), which aims at … facilitating the involvement of stakeholders or experts in policy - or decision-making processes (P/DMP). A generic P/DMP is …
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