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 ...

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 ...

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 science to help people ... how psychology became part of the economic model of decision making Dissect what ...

While decision theory has a rich history of applications to real-world problems in many disciplines, including economics, risk analysis, business management, and theoretical behavioral ecology ...

with situational variables to explain and predict the ethical decision-making behavior of individuals in organizations. A major component of the model is based on Kohlberg's cognitive moral ...

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 ...