Socio-Economic Inequity and Decision-Making under Uncertainty: West African Migrants’ Journey across the Mediterranean to Europe

Optimal Cropping Pattern Modifications with the Aim of Environmental-Economic Decision Making Under Uncertainty

Sustainability in agricultural is determined by aspects like economy, society and environment. Multi-objective programming (MOP) model has been a widely used tool for studying and analyzing the sustainability of agricultural system. However, optimization models in most applications are forced to use data which is uncertain. Recently, robust optimization has been used as an optimization model th...

Decision-Making Under Scientific, Political and Economic Uncertainty

Keynes and Knight make a clear distinction between two kinds of uncertainty : the first one, called risk, may be characterized by probabilities, while this is not possible for the second one. Here we deal with decision-making under genuine uncertainty, no probability distributions being available. We first consider criteria to accept some piece of information as reliable. And we examine the pos...

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 Extreme Uncertainty

Beliefs about an unknown distribution can be defined as a measure on the space of probability density functions. This paper (1) characterizes the set of beliefs that satisfy invariance postulates (2) establishes that updating invariant beliefs leads to a posterior distribution with tail asymptotically approaching 1 x(lnx)n . Note to seminar participant at Wharton: Part I of this paper is primar...