The Bottom Line: Decisions in Business and Economics -- Practical Problem-Solving -- Game Theory: The Art of Making Joint Decisions -- Decision-Making in the Boardroom: Problems of Voting -- A Mixture of Wit and Whimsy.

A choice problem is risky (respectively ambiguous) if the decision maker is choosing between probability distributions (respectively sets of probability distributions) over utility relevant consequences. We provide an axiomatic foundation for and a representation of continuous linear preferences...

I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...