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Decision Making under Uncertainty: A Methodological Note

  • Conference paper
Distributed Computing and Artificial Intelligence, 12th International Conference

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 373))

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Abstract

Under uncertainty, the economic agent is far from taking rational decisions, incurring in heuristics and cognitive errors such as reversal of preferences, focal points and so on. Many economists and psychologists have shown that the behavior of the decision maker in the real market is also driven by loss aversion and trust. The purpose of this study is to describe the experimental evidences that diverge from the standard economic decision theory, through a methodological review of the most significant laboratory techniques and field analysis performed in behavioral and experimental economics since the last quarter of the Twentieth Century.

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Authors and Affiliations

  1. School of Advanced Studied, University of Chieti-Pescara, via dei Vestini 31, Chieti, Italy

    Assia Liberatore

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  1. Assia Liberatore
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Correspondence to Assia Liberatore .

Editor information

Editors and Affiliations

  1. Department of Electronics, Information and Communication Engineering, Osaka Institute of Technology, Osaka, Osaka, Japan

    Sigeru Omatu

  2. College of Engineering, Qatar University, Doha, Qatar

    Qutaibah M. Malluhi

  3. Department of Computing Science Faculty of Science, University of Salamanca, Salamanca, Spain

    Sara Rodríguez Gonzalez

  4. Department of Electronics and Computers Division of Computer Science and Managem, Koszalin University of Technology, Koszalin, Poland

    Grzegorz Bocewicz

  5. Department of Philosophical, Pedagogical and Economic-Quantitative Sciences, University of Chieti-Pescara, Pescara, Italy

    Edgardo Bucciarelli

  6. Department of Philosophical, Pedagogical and Economic-Quantitative Sciences, University of Chieti-Pescara, Pescara, Italy

    Gianfranco Giulioni

  7. Zayed University, Abu Dhabi Campus, Abu Dhabi, Utd.Arab.Emir.

    Farkhund Iqba

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Liberatore, A. (2015). Decision Making under Uncertainty: A Methodological Note. In: Omatu, S., et al. Distributed Computing and Artificial Intelligence, 12th International Conference. Advances in Intelligent Systems and Computing, vol 373. Springer, Cham. https://doi.org/10.1007/978-3-319-19638-1_46

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  • DOI: https://doi.org/10.1007/978-3-319-19638-1_46

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-19637-4

  • Online ISBN: 978-3-319-19638-1

  • eBook Packages: EngineeringEngineering (R0)

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