Increasingly, companies are utilizing the science of Game Theory to help them make high risk/high reward strategic decisions in highly competitive markets and situations. Modern Game Theory has been ...

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 ...

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 ...

Dubai, UAE: The Mohammed bin Rashid School of Government (MBRSG) organised a series of knowledge lectures titled ‘Behavioural Insights’. The sessions were held via Zoom in July and August, showcasing ...

Researchers have developed a new explainable artificial intelligence (AI) model to reduce bias and enhance trust and accuracy in machine learning-generated decision-making and knowledge organization.

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 ...

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 ...