In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain duration and must update their termination probabilities which depend on stochastic events during "life". First I describe how economic theory suggests to solve the decision problem....

Probabilistic group decision-making using BWT -- Robust stakeholder-based group-decision making framework: the Multi-Actor Multi-Criteria Analysis (MAMCA) with the integration of Best-Worst Method (BWM) -- A consistent and consensual best-worst method and its application to salespersons’...