Combinatorial auctions--in which bidders can bid on combinations of goods--can increase the economic efficiency of a trade when goods have complementarities. Recent theoretical developments have lessened the computational complexity of these auctions, but the issue of cognitive complexity...

Healthcare is an important social and economic component of modern society, and the effective use of information technology in this industry is critical to its success. As health insurance premiums continue to rise, competitive bidding may be useful in generating stronger price competition and...

A cognitive analysis of subjective probability is applied to the evaluation of techniques used by decision analysts for eliciting probabilities from experts. The construction of a subjective probability requires both the formation of a belief and the assessment of a probability that qualifies...

To assess probabilities in decision analysis, and for decision making in general, decision makers must evoke and apply relevant information. Decision analysts have developed a variety of structuring tools to aid decision makers in these tasks, including influence diagrams and knowledge maps....

In forecasting and decision making, people can and often do represent a degree of belief in some proposition. At least two separate constructs capture such degrees of belief: likelihoods capturing evidential balance and support capturing evidential weight. This paper explores the weight or...