Decision-making is one of the steps in problem-solving that can be applied manifold areas from personal situations to management organizations. There are functions and processes lead making a decision; however, it may sound complicated select between decision-making models approaches as different factors outcomes get involved process. This article survey with managerial insight explain what is,...

Much publicity has been given to the fact that people's economic decisions often deviate from the rational predictions of standard economic models. In the classic ultimatum game, for example, most people turn down financial gains by rejecting unequal monetary splits. The present study points to neglected individual differences in this debate. After participants played the ultimatum game we test...

M any economic models of the family are based on a generic “person one/person two” household or “parent–child” family, rather than their anatomically correct counterparts: sons and daughters, fathers and mothers, and grandfathers and grandmothers. These economic models can offer powerful insights into family behavior, but also can leave certain patterns unexplained and neglect potentially impor...

Much of human learning in a social context has an interactive nature: What an individual learns is affected by what other individuals are learning at the same time. Games represent a widely accepted paradigm for representing interactive decision-making. We explored the potential value of neural networks for modeling and predicting human interactive learning in repeated games. We found that even...

Liveness properties, such as termination, of even the simplest shared-memory concurrent programs under sequential consistency typically require some fairness assumptions about scheduler. Under weak memory models, we observe that standard notions thread are insufficient, and an additional property, which call fairness, is needed. In this paper, propose a uniform definition for can be integrated ...

Previous research has developed a variety of theories explaining when and why people's decisions under risk deviate from the standard economic view of expected utility maximization. These theories are limited in their predictive accuracy in that they do not explain the probabilistic nature of preferential choice, that is, why an individual makes different choices in nearly identical situations,...