This article reviews recent developments in the economic theory of individual decision
making under risk. Since the 1950s it has been known that individual choices violate the …

We review recent advances in the field of decision making under uncertainty or ambiguity.
We start with a presentation of the general approach to a decision problem under …

Curiously, economists, whose discipline has much to do with human well-being, have shied
away from factoring the study of happiness into their work. Happiness, they might say, is …

Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible
textbook treatment of the way decisions are made both when we have the statistical …

This study uses techniques from economics to illuminate fundamental questions in ethics,
particularly in the foundations of utilitarianism. Topics considered include the nature of …

The last decade has seen a steady increase in the application of concepts from
noncooperative game theory to such diverse fields as economics, political science, law …

When thinking under uncertainty, people often do not consider appropriately each of the
relevant branches of a decision tree, as required by consequentialism. As a result they …

It is widely held that Bayesian decision theory is the final word on how a rational person
should make decisions. However, Leonard Savage--the inventor of Bayesian decision …

Conceptual engineering is a branch of philosophy that is concerned with assessing
representational devices such as concepts and words. Conceptual engineers looks for the …

Lara Buchak sets out an original account of the principles that govern rational decision-
making in the face of risk. A distinctive feature of these decisions is that individuals are …