We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on …

We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

If a decision maker, in a world of uncertainty a la Anscombe and Aumann (1963), can choose acts according to some … any decision problem (or set of decision problems), for any preference relation that satisfies the Axiom EUOL, and for any …

In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …

all decision theorists agree that values and beliefs jointly influence willingness to act under uncertainty. However …. Our purpose in this chapter is to bring into sharper focus the role of values and beliefs in decision under uncertainty …

In many decisions, we are not only uncertain about the predicted outcomes of decision alternatives but also about … environmental decision problems and we apply it to a hypothetical multi-criteria decision regarding coral reef management with … predictive uncertainties of the reef system attributes were more relevant. For two perspectives, the decision was largely …

to response times. However, for economic decisions under risk, these effects are largely untested, because models used to …

decision task that distinguishes between models assuming complete preferences and relaxing CI and models of incomplete … intransitive indifference under risk and certainty. We also show that the observed behavior is robust to a prize variation in the …