One possible conclusion from recent experimental research on decision making under risk is that observed behaviour can … of the subjects and most of the choice problems under risk. However, it turns out that for decision problems under … plus error term may be regarded as a reasonable representation for choice under risk this does not seem to be true for …

This paper derives a representation of preferences for a choice theory with vague environments; vague in the sense that …

just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …

This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …

In this paper, we propose an interpretation of the Hilbert space method used in quantum theory in the context of … decision making under uncertainty. For a clear comparison we will stay as close as possible to the framework of SEU suggested …-known paradoxa of decision theory. …

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the …

estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of …