Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...

Entrepreneurship scholars are interested in understanding and describing how entrepreneurs make decisions under uncertainty, where the probabilities of outcomes are not known but perceived, resulting in ambiguous probabilities. In this context, ambiguity refers to the lack of precise and...

1. Introduction -- 2. Basic Concepts -- 3. Robust Problems -- 4. General Reformulation Results -- 5. General Solution Methods -- 6. Robust election Problems -- 7. Robust Shortest Path Problems -- 8. Robust Spanning Tree Problems -- 9. Other Combinatorial Problems -- 10. Other Models for Robust...

In this paper, I seek to establish a framework in which solutions to imperfect recall decision problems can be suitably examined. I introduce a strategy concept which is an extension of the standard concept employed since von Neumann and Morgenstern, and show how it may provide optimal solutions...