Shackle was one of the representative critics of probability calculus. His alternative decision theory was … interpretation of Shacklean theory by focusing on the common stage structure of the decision-making. This paper shows that the … this paper is to investigate how the foundational stance of Shackle-Katzner framework about the decision-making elicits the …

This paper considers a binary decision to be made by a committee - canonically, a jury - through a voting procedure …) results on decision quality: unlike in the absence of ambiguity, the ex ante optimal symmetric strategy profile need not be an …

We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems …, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision …

decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider … two ambiguous urns according to several heuristics. In contrast, personality traits and an individual’s primary decision …Die experimentelle Studie untersucht die individuelle Informationsnachfrage und Entscheidung in Situationen, in denen …

I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …

’s decision on how to allocate loans, the authors discuss policy insights for decision making under Knightian uncertainty. They …

Quantum decision theory (QDT) is a recently developed theory of decision making based on the mathematics of Hilbert … decision making. QDT describes a decision maker's choice as a stochastic event occurring with a probability that is the sum of … subjectivity on decision makers, the quarter law. We examine individual and aggregated (group) data, and find that the results are …

's decision on how to allocate loans, the authors discuss decision making under Knightian uncertainty. They use the info …

acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …