Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information distortion. We report two studies involving six binary...

In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...

Despite the potential for hydroelectric dams to help address challenges related to the variability and unpredictability of wind energy, at present there are few systems-based wind-hydro studies available in the scientific literature. This work represents an attempt to begin filling this gap...

Energy storage systems (ESSs) can increase power system stability and efficiency, and facilitate integration of intermittent renewable energy, but deployment of ESSs will remain limited until they achieve an attractive internal rate of return (IRR). Linear optimization is used to find the ESS...

Environmental regulators often seek to promote forefront technology for new investments; however, technology mandates are suspected of raising cost and delaying investment. We examine investment choices under an inflexible (traditional) emissions rate performance standard for new sources. We...

In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...