We analyze the medical decision-making process, first from the perspective of a patient and then from the perspective of a health care provider. Using a decision-tree, we describe the different actions a mother can take to treat her daughter, who she suspects has otitis media — an ear...

Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...

Recently, Batabyal (1999) has shown that when the decision to get married in an arranged marriage is analyzed in an intertemporal and stochastic setting, it is possible that a marrying agent will never get married. This result arises because the marrying agent in Batabyal (1999) maximizes the...

Even though arranged marriages have been around for quite a while, the economics literature has paid little attention to the nature of decision making in such marriages. Therefore, very little is known about the impacts of alternate decision rules on the spouse selection question in arranged...

Even though arranged marriages have been around for quite a while, the economics literature has paid scant attention to the nature of decision making in such marriages. Consequently, very little is known about the effects of alternate decision rules on the spouse selection question in arranged...

In contemporary times, Batabyal (1999) has demonstrated that when the decision to get married in an arranged marriage is studied in a dynamic and probabilistic setting, it is possible that a marrying individual will never get married. This outcome arises because the marrying individual in...

Even though arranged marriages have been around for quite some time, economists have paid little attention to the nature of decision making in such marriages. Therefore, we know very little about the efficacy of traditional methods of decision making in arranged marriages. Given this state of...