The role of Expected Value illustrated in decision-making under risk: single-play vs multiple-play

2003 ◽  
Vol 6 (2) ◽  
pp. 113-124 ◽  
Author(s):  
Shu Li
Keyword(s):  
Decision Making ◽  
Expected Value ◽  
Decision Making Under Risk

The role of incidental emotions in decision making under risk

2008 ◽  
Author(s):  
Tamar Kugler ◽  
Lisa D. Ordonez ◽  
Terry Connolly
Keyword(s):  
Decision Making ◽  
Decision Making Under Risk

scholarly journals Hypothetical decision making in schizophrenia: The role of expected value computation and “irrational” biases

2013 ◽  
Vol 209 (2) ◽  
pp. 142-149 ◽  
Author(s):  
Jaime K. Brown ◽  
James A. Waltz ◽  
Gregory P. Strauss ◽  
Robert P. McMahon ◽  
Michael J. Frank ◽  
...  
Keyword(s):  
Decision Making ◽  
Expected Value

Anton's Game: Deontological Decision Theory for an Iterated Decision Problem

Utilitas ◽  
2016 ◽  
Vol 29 (1) ◽  
pp. 88-109 ◽  
Author(s):  
SETH LAZAR
Keyword(s):  
Decision Making ◽  
Decision Theory ◽  
Decision Problem ◽  
Expected Value ◽  
Sunk Costs ◽  
Decision Problems ◽  
Decision Making Under Uncertainty ◽  
Moral Reasons ◽  
Moral Significance

How should deontologists approach decision-making under uncertainty, for an iterated decision problem? In this article I explore the shortcomings of a simple expected value approach, using a novel example to raise questions about attitudes to risk, the moral significance of tiny probabilities, the independent moral reasons against imposing risks, the morality of sunk costs, and the role of agent-relativity in iterated decision problems.

scholarly journals The role of forgone opportunities in decision making under risk

2014 ◽  
Vol 49 (2) ◽  
pp. 167-188 ◽  
Author(s):  
Ivan Barreda-Tarrazona ◽  
Ainhoa Jaramillo-Gutierrez ◽  
Daniel Navarro-Martinez ◽  
Gerardo Sabater-Grande
Keyword(s):  
Decision Making ◽  
Decision Making Under Risk

Developmental changes in decision making under risk: The role of executive functions and reasoning abilities in 8- to 19-year-old decision makers

2014 ◽  
Vol 21 (6) ◽  
pp. 759-778 ◽  
Author(s):  
Johannes Schiebener ◽  
María García-Arias ◽  
Domingo García-Villamisar ◽  
Javier Cabanyes-Truffino ◽  
Matthias Brand
Keyword(s):  
Decision Making ◽  
Executive Functions ◽  
Decision Makers ◽  
Developmental Changes ◽  
Decision Making Under Risk ◽  
Reasoning Abilities

scholarly journals The dynamics of change in decision making under risk

Psihologija ◽  
2007 ◽  
Vol 40 (1) ◽  
pp. 147-164 ◽  
Author(s):  
Aleksandar Milicevic ◽  
Dubravka Pavlicic ◽  
Aleksandar Kostic
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Expected Utility ◽  
Empirical Evaluation ◽  
Expected Value ◽  
Decision Making Under Risk ◽  
Outcome Probability ◽  
Made In ◽  
The Way

The goal of this study was to investigate the dynamics of decision making under risk. In three experiments this dynamics have been explored with respect to probability of outcome and with respect to frame, i.e. the way the outcomes of the alternatives have been specified. The process of decision making was explored within a framework of expected utility and Prospect theory. The outcomes of alternatives as well as their probabilities were quantitatively specified (so that the expected value of a risk alternative was equal to the value of a non-risk alternative). The results of experiments indicate that the attitude towards risk (risk-proneness vs. risk-averseness) depends on the outcome probability and the way the outcomes were specified (i.e. positive/negative frame). It was also demonstrated that content strongly affects the choices made in decision making. This outcome is somewhat unexpected and requires additional empirical evaluation.

scholarly journals The role of expecting feedback during decision-making under risk

NeuroImage ◽  
2019 ◽  
Vol 202 ◽  
pp. 116079
Author(s):  
Francesco Rigoli ◽  
Cristina Martinelli ◽  
Sukhwinder S Shergill
Keyword(s):  
Decision Making ◽  
Decision Making Under Risk
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