-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance …This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …

This thesis contributes to the development of theoretical and experimental approaches that extend the analysis of risk … are concerned with extensions and applications of the most promising descriptive theories of behavior under risk. In these … subpopulations are best described by different models.Chapter 1 analyzes how higher-order risk preferences, such as prudence and …

This paper proposes a new method, the (gamble-)tradeoff method, for eliciting utilities in decision under risk or … uncertainty. The elicitation of utilities, to be used in the expected utility criterion, turns out to be possible even if … probability-equivalent method. The major advantage of the tradeoff method is its robustness against probability distortions and …

risk through investment in equipment or production of other crops on the property. …

. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …

the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …

-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …

certainty, risk, or uncertainty, the software outputs match with the results of actual highway programming at least 85 percent … cost-effective manner. It is an analytical tool that facilitates organized, logical, and integrated decision-making in … addresses asset valuation, performance modeling, marginal benefit analysis, and multicriteria decision-making, including …

two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … machine.Studies of the influence of uncertainty on capital investment decision making have traditionally focused on financial …