preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under …

This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …

This paper analyzes dynamic choice for ambiguity-sensitive decision makers. It demonstrates that unambiguous behavioral … predictions can be obtained, even in the face of dynamic inconsistency, by taking the individual's preferences over decision trees … assumption about the way individuals resolve conflicts between preferences at different decision points. The main result employs …

We propose a new parametrization of Quantum Decision Theory (QDT), based on Rank Dependent Utility Theory (RDU). Using … experimental data made of choices between pairs of lotteries, we compare QDT with "classical" decision theories, RDU and Cumulative … decision makers as either RDU, RDU-based QDT, CPT or CPT-based QDT. Our major findings are the following: the quantum …

concerning behavior in decision trees. Following Cubitt (1996) , these principles include dynamic consistency, separability, and … subtrees as well as entire decision trees. Examples of behavior violating these principles are also reviewed, as are possible …