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 ...

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 ...

Modern portfolio theory (MPT) and behavioral finance represent differing ... of the conventional wisdom that underpins investment decision making. Many core points of modern portfolio theory ...

Organizations around the globe are increasingly using insights from the field of behavioral ... economic model of decision making Dissect what systematic bias is and learn about the most cited and ...

Booth’s curriculum brings together theory and research from psychology ... In fall 2018, PIMCO and the Roman Family Center for Decision Research announced a partnership in support of the center's ...

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 ...