This paper attempts to provide a decision-theoretic foundation for the measurement of economic tail risk, which is not …

Decision making of agents who are members of a society is analyzed from the point of view of quantum decision theory …. This generalizes the approach, developed earlier by the authors for separate individuals, to decision making under the … influence of social interactions. The generalized approach not only avoids paradoxes, typical of classical decision making based …

Many decision problems in various fields of application can be characterized as diagnostic problems trying to assess … analyzed within the framework of statistical decision theory, in which prior probability distributions of classes of cases are … decision problems: the optimal stopping of investigations and the optimal sequence of investigating a given set of criteria …

Ordering alternatives by their degree of ambiguity is a crucial element in decision-making processes in general and in … new model of decision making under ambiguity in which probabilities of events are themselves random. In this model a …

Models can be wrong and recognising their limitations is important in financial and economic decision making under …

decision making process, could potentially offset the uncertainty inherent in the environment and yield better outcomes. The … shown conclusively that a better understanding of the system and hence improved decision making will not alter the outcomes …