Longterm Decision Making Under the Threat of Earthquakes

Role Taking Under Financial Risk Decision Making

This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

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...

Decision making under ignorance

Ignorance is an extreme form of uncertainty. In most narrow and technical sense, it means inability to assign a meaningful probability to the phenomena of interest. In more general sense, the state of ignorance is the result of the absence of knowledge about structural factors that influence the issues, the lack of reliable information or inability to completely determine the space of alternati...

Decision Making Decision Making under Conditions of Uncertainty

The outcome of the decision C ij depends on the state of nature which is unknown when the decision is made. The outcome is usually measured as a monetary payoff.