The study of preference theory and decision-making delves into how individuals and collectives assess and order alternative outcomes under conditions of uncertainty and complexity. Traditionally ...

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 ...

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 ...

Discover how regret theory affects choices. It predicts decision-making by evaluating the anticipation of regret, impacting ...

A recent series of experiments conducted by Ph.D. student Maya Enisman and Dr. Tali Kleiman from the Psychology department at the Hebrew University of Jerusalem, challenges the longstanding theory of ...

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 ...

A new study reviewed and challenged Kurt Lewin’s long-standing motivational conflicts theory with new findings that suggest the difficulty of resolving conflicts depends on the emotional context. The ...