In this paper we examine the problem of nding the optimal solution of the stochastic dynamic growth problem with in nite time horizon for a decision maker described in the prospect theory (PT decision maker) that has asymmetric attitude with respect to a reference level of consumption. We compare the optimal solution of the PT decision maker with the optimal solution of the decision maker with ...

We study the relative performance of disclosure and auditing in decentralized institutions. We consider the information transmission problem between two decision makers who take actions in sequence at two decision dates. The first decision maker has private information about a state of nature that is relevant for both decisions, and sends a message to the second. The second decision maker can c...

the current research aims to consider the importance of decision maker level of analysis in the study of foreign policy. this capability is created in regard to the role of man in foreign policy and international relations theories. however, the main research question is whether the decision maker level of analysis will be the theoretical support for the analysis of foreign policy and what the ...

Voting method requires to determine group decision of decision by each decision maker in group. Determination of decisions by group of decision maker requires voting methods. Copeland score is one of voting method that has been developed by previous researchers. This method does not accommodate the weight of the expertise and interests of each decision maker. This paper proposed the voting meth...

We show the effects of uncertainty, ecological and economic irreversibility, and endogenous learning on land preservation decisions for species conservation. We compare the optimal decisions of three types of decision makers: an experimenting decision maker who recognizes the endogeneity of information, a real options decision maker who ignores the endogeneity but recognizes the future availabi...

We study the relative performance of disclosure and auditing in organizations. We consider the information transmission problem between two decision makers who take actions at dates 1 and 2 respectively. The first decision maker has private information about a state of nature that is relevant for both decisions, and sends a cheap-talk message to the second. The second decision maker can commit ...

DNA-mediated computing is a novel technology that seeks to capitalise on the enormous informational capacity of DNA and has tremendous computational ability to compete with the current silicon-mediated computing, due to massive parallelism and unique characteristics inherent in DNA interaction. In this paper, the methodology of DNA-mediated computing is utilised to enrich decision theory, by de...

Data envelopment analysis (DEA) creates many opportunities for collaboration between analyst and decision-maker. There are, however, situations in which all of the decision-making units (DMUs) fall under the umbrella of a centralized decision maker that oversees them. Many organizations such as bank branches, chain stores, … can do this. This centralized decision maker unit expect that resource...