Unawareness, a situation in which decision makers or players do not contemplate some contingencies or strategies, presents a significant challenge to traditional models in decision theory and game ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

image: Modern decision theory can assist policymakers in critical times such as the COVID-19 crisis, argue Bocconi University's Massimo Marinacci and Valentina Bosetti in a paper coauthored by Nobel ...

Organization Science, Vol. 1, No. 4 (1990), pp. 360-374 (15 pages) The specific nature of decision rules and the pattern of connections they create between people help determine the performance of an ...

TROY, N.Y. — A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in ...

The same fundamental platform that allows Schrödinger's cat to be both alive and dead, and also means two particles can "speak to each other" even across a galaxy's distance, could help to explain ...