While decision theory has a rich history of applications to real-world problems in many disciplines, including economics, risk analysis, business management, and theoretical behavioral ecology, it ...

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 ...

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 general, make ...

In recent years, more than 40 articles and chapters have utilized Poliheuristic Theory to analyze critical decisions made by foreign leaders and U.S. presidents. In this paper, I introduce the ...