Revisiting reference point formation, gains-losses asymmetry and non-linear sensitivities with an emphasis on attribute specific treatment
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An epidemic spreading in a network calls for a decision on the part of the network members: They should decide whether to protect themselves or not. Their decision depends on the trade off between their perceived risk of being infected and the cost of bein ...
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Compromise alternatives have an intermediate performance on each or most attributes rather than having a poor performance on some attributes and a strong performance on others. The relative popularity of compromise alternatives among decision-makers has be ...
Disappointment, the emotion experienced when faced to reward prediction errors (RPEs), considerably impacts decision making (DM). Individuals tend to modify their behavior in an often unpredictable way just to avoid experiencing negative emotions. Despite ...
We study monotone convex functions psi : L-0 (Omega, F, P) -> (-infinity, infinity] and derive a dual representation as well as conditions that ensure the existence of a sigma-additive subgradient. The results are motivated by applications in economic agen ...
Decision making is of crucial interest in many disciplines such as psychology, neuroscience, economics and machine learning. Binary perceptual decision theories relate to situations where an observer (or machine) is confronted with one of two possible nois ...
Making the best choice when faced with a chain of decisions requires a person to judge both anticipated outcomes and future actions. Although economic decision-making models account for both risk and reward in single-choice contexts, there is a dearth of s ...
This paper reviews topics in price theory such as rational choice, Walrasian equilibria, complete and incomplete markets, externalities and nonmarket goods, strategic pricing with complete and incomplete information, and some behavioral anomalies. Contains ...
Departure time choice modeling has been part of main stream travel behavior research for more than three decades. Congestion management schemes are based on the assumption that travelers optimize their departure time choice. Ever since Vickrey, in the late ...
Discrete choice models are defined conditional to the knowledge of the actual choice set by the analyst. The common practice for many years is to assume that individual-based choice sets can be deterministically generated based on the choice context and th ...
