This study applies the concept of regret in decision-making under uncertainty to an energy system optimization model to … uncertainty scenarios consider volatile fossil fuel supply, reduced hydropower generation, rising demand due to climate change … balance costs and CO2 emissions. The regret performance is evaluated for each system subject to each uncertainty scenario. A …

equivocality. However, it remains unclear when and whether intuition is preferable when both uncertainty and equivocality are … configurations of uncertainty and equivocality, adopting an information processing perspective. Within this framework, intuitiveness … adaptiveness with uncertainty in terms of effectiveness. To demonstrate the value of the framework, the article discusses …

Mental models help people navigate complex environments. This paper studies how people deal with model uncertainty. In … an experiment, participants estimate a company's value, facing uncertainty about which one of two models correctly …-complexity conditions people fully neglect model uncertainty in their actions. However, their beliefs continue to reflect model uncertainty …