A Framework of Descriptive Decision-making under Uncertainty Using Dempster-shafer Theory and Prospect Theory

............................................................................................................................ iii Acknowledgments ..............................................................................................................v Dedication ......................................................................................................................... vi List of Tables ......................................................................................................................x List of Figures ................................................................................................................... xi Chapter 1: Introduction ....................................................................................................1 1.1 Decision-making and Human Life ........................................................................1 1.2 Decision-making under Uncertainty ....................................................................3 1.3 Motivation and Objective of the Research ..........................................................5 1.4 Organization of the Dissertation...........................................................................8 Chapter 2: Literature Review .........................................................................................10 2.1 History of Decision Theory .................................................................................10 2.2 Decision-making Basics .......................................................................................12 2.3 Various forms of Decision-making .....................................................................14 2.3.1 Normative vs. Descriptive ..........................................................................14 2.3.2 Group vs. Individual Decision-making .....................................................15 2.3.3 Multicriteria Decision-making (MCDM) ..................................................16 2.3.4 Shared Decision-making .............................................................................17 2.3.5 Different Realms of Decision-making .......................................................18 2.4 Related Works ......................................................................................................18 2.4.1 Expected Utility Theory .............................................................................19 2.4.2 Rank Dependent Utility ..............................................................................23 2.4.3 Prospect Theory in Brief ............................................................................24 2.4.4 Other Decision Models of Decision-making under Uncertainty .............24 2.5 Problems of the Existing Decision-making Models...........................................27