We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a … differentiation of the population into two similar sized groups in terms of "over-confident" and "contrarian" decision makers. This …

' responsiveness in the long run. Using an online experiment, we assess how false alarm and missed alarm-prone forecast systems …

better predictions with a hybrid model that uses a decision tree to decide game-by-game which of two economic models to use …

Having information about an uncertain event is crucial for informed decision-making. This paper introduces a simple … framework in which 1) a principal uses the reported beliefs of multiple agents to make a decision and 2) the agents reporting a … belief are affected by the decision. Naturally, the question arises how the principal can incentivize the agents to report …

In many decisions, we are not only uncertain about the predicted outcomes of decision alternatives but also about … environmental decision problems and we apply it to a hypothetical multi-criteria decision regarding coral reef management with … predictive uncertainties of the reef system attributes were more relevant. For two perspectives, the decision was largely …