This article describes a Microsoft Excel-based application that uses humorous voice synthesis and timed competition to make it more fun and engaging to learn management science decision criteria. In addition to providing immediate feedback and easily customizable tips that facilitate...

As it is well known, universities constitute sources of important multiplier effects on the economic activity of the regions where they are located. Plainly, in the case of economically depressed regions, the importance of universities becomes higher. This is certainly the case with the...

A ranking method assigns to every weighted directed graph a (weak) orderingof the nodes. In this paper we axiomatize the ranking method that ranksthe nodes according to their outflow using four independent axioms. This outflowranking method generalizes the ranking by outdegree for directed...

Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...

Background: Decision-analytic modelling (DAM) has become a widespread method in health technology assessments (HTA), but the extent to which modelling is used differs among international HTA institutions. In Germany, the use of DAM is optional within HTAs of the German Institute of Medical...

In important conflicts such as wars and labor-management disputes, people typically rely on the judgment of experts to predict the decisions that will be made. We compared the accuracy of 106 forecasts by experts and 169 forecasts by novices about eight real conflicts. The forecasts of experts...

Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information distortion. We report two studies involving six binary...

Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information distortion. This paper reports two studies involving six...

Nutrients are the number one water pollution problem for U.S. lakes, reservoirs, and ponds. Excessive nutrients, such as nitrogen and phosphorus, lead to eutrophication, a condition that can include low oxygen levels, noxious algal blooms, and fish kills. Since eutrophication is a condition that...

Probability forecasts play an important role in many decision and risk analysis applications. Research and practice over the years have shown that the shift towards distributional forecasts provides a more accurate and appropriate means of capturing risk in models for these applications. This...