Research on cognitive processes in decision making has identified heuristics that often work well but sometimes lead to serious errors. This paper presents an investigation of the performance of heuristics in a complex dynamic setting, characterized by repeated decisions with feedback. There are...

This paper describes the integration of a network optimization algorithm with a decision and information system for the Graduate School of Management at UCLA. This optimization algorithm plays an important role in the determination of the annual teaching schedule by assigning faculty to courses...

An individual's preference for risky alternatives is influenced by the strength of preference he feels for the consequences and his attitude toward risk taking. Conventional measures of risk attitude confound these two factors. In this paper we formally separate these factors and explore how...

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