Decision-Making under Uncertainty: A Heuristics Overview and the Analytic Network Process

Decision Making with the Analytic Network Process

One of the most advanced and complex multi-criteria decision-making methods is the analytic network process (ANP). This method supports modelling dependencies and feedback between elements in the network. For this reason, the ANP is one of the most appropriate methods for making decisions in fields that are characterised by existing dependencies of higher-level elements on lower level elements....

A Dynamic Dual-Process Model of Decision-making Under Uncertainty

Current dynamic models of decision-making assume that a unitary system is responsible for forming preferences. However, extensive research has shown that decision-making and behavior result from the interaction of two separate systems of reasoning one that is fast, automatic, and experiential and one that is slow, deliberative and rational. This paper develops the first dynamic dual-process mod...

Decision making under uncertainty

Decision making under uncertainty

1 Laboratory of Computational Neuroscience, École Polytechnique Fédérale de Lausanne, Lausanne, Switzerland 2 Laboratoire de Recherché en Neuroimagerie, Le Centre Hospitalier Universitaire Vaudois, Lausanne, Switzerland 3 Information Processing and Economic Decision Making, Department of Psychology, Universität Konstanz, Konstanz, Germany 4 Economic Psychology, Department of Psychology, Univers...

Environmental decision-making under uncertainty using intuitionistic fuzzy analytic hierarchy process (IF-AHP)

Analytic hierarchy process (AHP) is a utility theory based decision-making technique, which works on a premise that the decision-making of complex problems can be handled by structuring them into simple and comprehensible hierarchical structures. However, AHP involves human subjective evaluation, which introduces vagueness that necessitates the use of decision-making under uncertainty. The vagu...