Decision theory provides a structured framework for analysing how individuals and institutions make choices amidst uncertainty. It combines the rigour of mathematical models—such as expected utility ...

Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...

Dubai, UAE: The Mohammed bin Rashid School of Government (MBRSG) organised a series of knowledge lectures titled ‘Behavioural Insights’. The sessions were held via Zoom in July and August, showcasing ...

Researchers have developed a new explainable artificial intelligence (AI) model to reduce bias and enhance trust and accuracy in machine learning-generated decision-making and knowledge organization.

A key objective of behavioral science research is to better understand how people make decisions in situations where outcomes are unknown or uncertain, which entail a certain degree of risk. Subscribe ...

This is a preview. Log in through your library . Abstract In response to the extraordinarily diverse adult student population present in college today, a new structural equation model adapted from ...

Professors Daniel Groll (Carleton College) and Erica Salter (St. Louis University) presented the 2024 LaBrecque Medical Ethics Lecture, entitled "Parents, Progeny, and Power: Decision Making in ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Leaders and professionals tend to navigate decisions and challenges through familiar thought ...