In decision making under risk, people prefer the risk aversive choices for gains and the risk seeking choices for losses. This paper presents an analysis describing that those cho...
Abstract. There is much empirical evidence that human decisionmaking under risk does not correspond the decision-theoretic notion of “rational” decision making, namely to make ...
This paper discusses decision making of project funding allocation under uncertain project costs. Because project costs are uncertain and funding allocations may not necessarily ma...
Chung-Li Tseng, Kyle Y. Lin, Satheesh K. Sundarara...