Recent studies on decision analytics frequently refer to the topic of behavioral decision making (BDM), which focuses … on behavioral components of decision analytics. This paper provides a critical review of literature for re-examining the … relations between BDM and classical decision theories in both normative and descriptive reviews. We attempt to capture several …

remedy for these shortcomings by developing a dynamical model of procedurally rational decision making. The basic idea of the … model is a feedback loop between experienced utility, decision utility, and activities. In applications of the model, I show …

Behavioral economics has so far largely avoided discussing the psychological origins of preferences, as well as their … large amounts of observations for calibration. In this paper, I show how unifying preferences with the psychological concept … of needs strengthens economic models, by developing a decision-making framework for well-being assessment and choice …

procedure. At any given trial, the decision maker deliberately randomizes over mental categories and chooses the best item … decision maker picks the default option. We provide the necessary and sufficient conditions that characterize this model in a …

observed between so-called “preferences” revealed in repeated decision dilemmas (e.g., by choosing A over B at time 1, then …We introduce a dynamic model of emotional behavior regulation that can generalize to a wide range of decision dilemmas …. Dilemmas are characterized by availability of mutually exclusive goals that a decision maker is dually motivated to pursue. In …