different from those of economic rationality. Under uncertainty, fundamentally different behavioural rules are 'rational'. The …In situations of what we now describe as radical uncertainty, the core model of agent behaviour, of rational autonomous … suggest that as a description of behaviour in the modern world, economic rationality is applicable in a declining number of …

different from those of economic rationality. Under uncertainty, fundamentally different behavioural rules are "rational". The …In situations of what we now describe as radical uncertainty, the core model of agent behaviour, of rational autonomous … suggest that as a description of behaviour in the modern world, economic rationality is applicable in a declining number of …

-world quantities with transparent uncertainty quantification, than when based on “optimal” model-land quantities obtained from … temptations and pitfalls of model-land, some directions towards the exit, and two ways to escape. Their aim is to improve decision …

presented provides an ability to evaluate sustainable withdrawal rates and exposure to sequence risk together …

Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on … different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while … used to study individuals' attitudes towards uncertainty. A novelty of this paper is to include both the economic concept …