Decision analysis represents a practical framework for environmental decision making in the face of uncertainty. Aa Aa Aa The conservation of species and ecosystems represents a fundamental challenge ...

The basis of contingency theory in management is that there is no one best way to handle any task or process. Whether organizing an entire company or planning a production work flow, the best solution ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

In a letter to Wlodek Rabinowicz, David Lewis introduced a decision scenario that he described as "much more problematic for decision theory than the Newcomb Problems". This scenario, which involves ...

Strategic decision making lies at the heart of game theory and market competition research, providing a framework to understand how rational agents interact under conditions of uncertainty and ...

This article provides an empirical application of Bayesian decision theory to management decisions under uncertainty. The empirical problem is one of choice between contract and independent production ...