Decision theory is a field that explores how individuals make choices under conditions of uncertainty, and it plays a crucial role in understanding economic behavior. Recent research in this area ...

Reviewed by Andy Smith Modern portfolio theory (MPT) and behavioral finance represent differing schools of thought that ...

Regret theory is a significant concept in decision-making and economic behavior that explores how individuals anticipate and react to regret when making choices. It posits that the emotional ...

This course focuses on decision theory and formal theories of individual decision making ... Judgment in these situations of deep uncertainty tends to be clouded by behavioral biases that lead to ...

Organizational Behavior and Human Decision Processes publishes fundamental ... articles that present original empirical research, theory development, literature reviews, and methodological ...

These theories and a better understanding of irrational decision-making inspired further developments in behavioral economics. American economist and Nobel laureate Richard Thaler outlined mental ...

Organizations around the globe are increasingly using insights from the field of behavioral science to help people ... how psychology became part of the economic model of decision making Dissect what ...

The battle for consumer attention is intensifying. Find out how new behavioral economics research has shifted our attention ...

His research interests span a broad range of topics in economic theory. Some topics of special interest include decision theory, especially issues related to modeling uncertainty and ambiguity; the ...