Game theory is central to modern understandings of how people deal with problems of coordination and cooperation. Yet, ironically, it cannot give a straightforward explanation of some of the simplest forms of human coordination and cooperation--most famously, that people can use the apparently...

Formally, the orthodox rational agentís 'Olympian' choices ([14], p.19) are made in a static framework. However, a formalization of consistent choice, underpinned by computability, suggests satisficing in a boundedly rational framework is not only more general than the model of 'Olympian'...

In this paper, we propose a method for a quantitative estimation of the decision maker’s knowledge in the context of the Analytic Hierarchy Process (AHP) in cases where the judgment matrix is inconsistent. We show that the matrix of deviation from the transitivity condition corresponds to the...

This paper analyses a model of learning by imitation, where besides the decision maker, there is a population of individuals facing the same decision problem. We analyze a property called Absolute Expediency, which requires that the decision maker's expected payoff increases from one round to...

The class of maximin actions in general decision problems is characterized.

This study aimed at figuring out the distributions of spatial and temporal scales of Finnish family forest owners’ decisions as well as the relative commonness of various topics and popularity of alternative decision service types. A specific emphasis was given to biodiversity-related decision...

The economic models of tax compliance predict that individuals should evade taxes when the expected benefit of cheating is greater than its expected cost. When this condition is fulfilled, the high compliance however observed remains a puzzle. In this paper, we investigate the role of emotions...