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A Behavioral and Neural Evaluation of Prospective Decision-Making under Risk

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Investigating latent behaviour in multiday activity scheduling

In practice, most operational activity-based models have focused on single-day analyses. This common simplifying assumption significantly limits the models' behavioural realism, as they cannot adequately capture the dynamics and processes involved in the s ...

2024

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We introduce contextual stochastic bilevel optimization (CSBO) -- a stochastic bilevel optimization framework with the lower-level problem minimizing an expectation conditioned on some contextual information and the upper-level decision variable. This fram ...

2023

Maneuvering the odds: The dynamics of venture capital decision-making

Marc Gruber

Research Summary: This article investigates venture capital (VC) decision-making, a process that occurs under changing conditions and limited, ambiguous information. We shed new light on the inherent dynamics of this strategic process. One of the key disti ...

WILEY2023

It is natural for humans to judge the outcome of a decision under uncertainty as a percentage of an ex-post optimal performance. We propose a robust decision-making framework based on a relative performance index. It is shown that if the decision maker's p ...

SPRINGER2022

Quantum-based approach for laboratory risk assessment and decision-making

Ruoxing Liao

With the rising focus on academic safety, there has been an effort to improve the academic safety climate and develop lab-specific risk assessment tools. Despite the progress made in recent years, there is still a deficit of reliable data statistics on saf ...

2022

A conceptual construct on value for infrastructure asset management

Matthias Finger

Understanding the meaning of value to asset-intensive organizations and their stakeholders has been a long -standing goal of researchers and managers of the asset management community. These issues have become particularly prominent with the publication of ...

ELSEVIER SCI LTD2022

Academic Citizens’ Assembly 2022: a way for better decision-making on complex and divisive issues? Interview with Sascha Nick, Researcher in societal transitions

Sascha Nick

The objective of any Citizens’ Assembly is better decision-making on complex and divisive issues. “Better” decision-making means that a fully inclusive group of well-informed people, free of the influence of lobbies and fake news, engaged and knowing their ...

ClimAct (EPFL and UNIL)2022

Decision Learning and Adaptation Over Multi-Task Networks

Ali H. Sayed

This paper studies the operation of multi-agent networks engaged in multi-task decision problems under the paradigm of simultaneous learning and adaptation. Two scenarios are considered:one in which a decision must be taken among multiple states of nature ...

IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC2021

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The human capacity to compute the likelihood that a decision is correct—known as metacognition—has proven difficult to study in isolation as it usually cooccurs with decision making. Here, we isolated postdecisional from decisional contributions to metacog ...

2020

Multi-armed Bandits in Action

Farnood Salehi

Making decisions is part and parcel of being human. Among a set of actions, we want to choose the one that has the highest reward. But the uncertainty of the outcome prevents us from always making the right decision. Making decisions under uncertainty can ...

EPFL2020