PDF | This chapter focuses on studies of decision making under risk. It examines how insights from studies of risky choice can be extended more.

The key issues related to a decision-maker's preferences regarding alternatives, criteria for choice and choice modes, together with the risk assessment tools, ...

This white paper attempts to capture how organisations currently understand and address risk and uncertainty in their decision making. By doing so, this paper ...

This chapter introduces the theories of decision-making under uncertainty and risk of socio-technical systems. Following the historic development of the ...

This review has provided a comprehensive but concise account of the development of theories in decision making under risk and uncertainty. Although decision ...

This paper presents a critique of expected utility theory as a descriptive model of decision making under risk, and develops an alternative model, called ...

This paper offers a decision making procedure for solving complex problems step by step. It presents the decision analysis process for both public and private ...

2.2 Decision Making Under Risk. A state of risk exists when a decision maker makes decisions under a condition in which the availability of each alternative and ...

This study aims to examine how managers in the Swedish forest industry define risk, how they handle risk, how they make risky decisions and how the ...

Decision-making and Theory. □ What for do or why we need a theory of decision- making? □ Economics, psychology, sociology and other science.