We explore the role of memory for choice behavior in unfamiliar environments. Using a unique data set, we document that decision makers exhibit a "memory premium." They tend to choose in-memory alternatives over out-of-memory ones, even when the latter are objectively better. Consistent with...

Agency-the ability to define one's own goals and make choices to achieve them-is often measured through questions that capture an individual's direct involvement in decision-making. Yet not participating in decision-making may not always imply a lack of power. Drawing on the notion of effective...

The main goal of this study is to document the Non-Utopian Unreal Scenarios -or NUUS- and to propose a mathematical approach, presenting them as a strategic tool that seeks to contribute to decision-making processes in various fields, in addition to those already existing, such as, for example,...

This study presents a novel Full Multiplicative Data Envelopment Analysis (FMDEA) for solving Multi-Attribute Decision-Making (MADM) problems. The proposed model offers an innovative approach to solving MADM problems by integrating the principles of Data Envelopment Analysis (DEA) with Full...

This study aims to expand the application of the multi-criteria decision-making (MCDM) technique based on expanded information on the alternatives from sub-alternatives. For this purpose, some initial information is collected at the sub-alternative level. Then, based on the scores obtained for...

In many professional activities humans are getting better generation by generation. This is supposed to be the case, for instance, in sports and in science. Is it true in the arts? In this paper, we consider violinists from the time period in which audio and video recordings became possible....

Europol was mandated in 2019 by the EU Justice and Home Affairs ministers to create an Innovation Lab to support the law enforcement community in the area of innovation. The Lab aims to identify, promote and develop concrete innovative solutions in support of the EU Member States' operational...

The growing adoption of renewable energy, particularly photovoltaic (PV) solar systems, has led to the development of numerous simulation software tools to simplify system design, analysis, and optimization. This study evaluates five widely used PV simulation software packages-SAM, PVsyst,...

Handling uncertainty is a key aspect of production management. This paper employs a Bayesian network (BN) approach to improve uncertainty analysis in production decision-making by identifying common causal factors that may affect one or more components of an integrated supply chain problem. A...

We examine the effect of women's control over resources on their relative decision-making power within households, using an Instrumental Variable approach. We construct a composite Resource Empowerment Index that captures women's access to and control over economic and informational resources,...

Recent scholarly discussions suggest the potential superiority of intuition over analysis in tasks with high equivocality. However, it remains unclear when and whether intuition is preferable when both uncertainty and equivocality are considered. Addressing this gap, the article introduces a...