This research was conducted to highlight the utility of considering clinical psychology concepts in judgment and decision research. Our overarching thesis is that the judgments and choices people make may often be influenced by clinically relevant phenomena, and that understanding these...

We study an extension of the cardinality-constrained knapsack problem where each item has a concave piecewise-linear utility structure. Our main contributions are approximation algorithms for the problem and the investigation of an online version in the random order model. For the offline...

Rank dependent probability weighting---an integral part of cumulative prospect theory---has come to dominate the behavioral modeling of risk preferences in non-strategic settings over the last 40 years. We draw attention to some serious limitations of rank dependence when it comes to...

[enter Abstract Body]Utility theory is a pivotal concept in economics which provides insights into how an individual is motivated to act under their budget constraint. The main assumption of this theory and the entire economics is a rational human being and an individual derives utility from the...

Problem definition: This paper incorporates a piecewise linear structure into the utility-price relationship of the classic multinomial logit (MNL) model, and studies the associated operations problems such as estimation and pricing. The derived model is referred to as the piecewise MNL model...

In some applications to human beings, the precautionary principle seems to raise specific ethical concerns. For instance, it has been used to exclude men who have sexual relations with men from donating blood on the basis of a higher HIV prevalence in this group. Does not the precautionary...

In developing world, the risk behavior of farmers is very crucial as their daily risk and uncertainty decisions affect their livelihood and overall well-being in the long run. Recent studies related to risky choices among poor farmers found varied results in various countries. Present study...

In some applications to human beings, the precautionary principle seems to raise specific ethical concerns. For instance, it has been used to exclude men who have sexual relations with men from donating blood on the basis of a higher HIV prevalence in this group. Does not the precautionary...

Utility theory is a pivotal concept in economics that provides insights into how an individual is motivated to act under budget constraints. The main assumption of this theory and the entire field of economics is that a rational human being and an individual derive utility from the consumption...

We reconsider the theory of Thompson aggregators proposed by Marinacci and Montrucchio (2010). We demonstrate the Koopmans equation has a unique utility function solution given a Thompson aggregator. Uniqueness holds only on the interior of the commodity space's positive cone. We verify Du's...