Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9663662 | European Journal of Operational Research | 2005 | 11 Pages |
Abstract
The focus of this paper is to propose some behavioral (or descriptive) models of individual decision making and group decision making under risk/uncertainty as follows: models to explain the violations of expected utility models for the individual decision making; and a model to describe the ethical consensus formation process among multi-agent conflicting decision makers. The former models extend Kahneman-Tversky model of prospect theory and resolve Allais and Ellsburg paradoxes. The later model extends additive/utility independence in consensus formation process to get more flexible preference structure among conflicting decision makers.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Hiroyuki Tamura,