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“Smart” decision-making will be the focus of an upcoming lecture at Rochester Institute of Technology. John Salerno, a fellow with the Air Force Research Laboratory in Rome, N.Y., will present ...
In the largest experiment studying people's "risky choices" to date, researchers show how machine learning can be used to test and improve long-stagnant theories of human decision-making.
Decision theory provides a structured framework for analysing how individuals and institutions make choices amidst uncertainty. It combines the rigour of mathematical models—such as expected utility ...
The poliheuristic theory of foreign policy decision making would benefit from being clearer in spelling out the conditions under which it holds more or less analytic promise. The article makes the ...
TROY, N.Y. — A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in ...
A queuing theory approach is used to improve a decision-making model for the execution of a task by a military unit. This involves taking into account the limited time to waiting in queue for any ...
Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...
The same fundamental platform that allows Schrödinger's cat to be both alive and dead, and also means two particles can "speak to each other" even across a galaxy's distance, could help to explain ...
There is no Planet B. Source: Markus Spiske/Pexels What is your experience of the recent heatwaves scorching Western Europe, the United States, and China? While my toddler rejoices in the almost ...