(i) judgments of probability, which are assumed to satisfy support theory; and (ii) decisions under risk, which are … assumed to satisfy prospect theory. In two experiments, subjects evaluated uncertain prospects and assessed the probability of … violate the partition inequality implied by the classical theory of decision under uncertainty. …

decision making, it generalizes the von Neumann–Morgenstern theory by including additional tiers of uncertainty. In this model …This paper introduces a new model of decision making under uncertainty. Aiming to provide a more realistic depiction of … formulated in the phantom space using phantom numbers. The degree of uncertainty, determined by the decision maker’s beliefs, is …

, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online … choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas … developed in philosophy, psychology, and sociology. Itzhak Gilboa argues that economic theory has provided a set of powerful …