Abstract Decision‐makers abhor uncertainty, and it is certainly true that the less there of better. However, recognizing uncertainty part equation, particularly for deciding on environmental policy, a prerequisite making wise decisions. Even no decision has consequences, using presence as reason failing to act poor excuse. Statistical science should play critical role in decision‐making process...

Journals are exploring new approaches to peer review in order to reduce bias, increase transparency and respond to author preferences. Funders are also getting involved.

Funding decision is one of the financial strategic decisions of a corporation. There are also two other finan-cial strategic decisions that a corporation faces, the investment and the dividend decision. This paper de-scribes briefly the investment and the dividend decision, although its main focus is on funding decision. In de-scribing the funding decision the researchers will first explain the...

A major puzzle of decision making is how the brain decides which decision system to use at any one time. In this issue of Neuron, Lee et al. (2014) provide a theoretical, behavioral, and neurobiological account of a prefrontal reliability-based arbitration system.

complexities, is still poorly understood in many circles. We tell students that there is no free lunch, that if you want to use a screen to identify everyone, or almost everyone, who might have a given abnormality, then you will have to accept that you will falsely identify many individuals who later turn out to be normal. In the jargon of decision analysis theory, high hit rate means high fals...