Decision Modeling and Behavior in Complex and Uncertain Environments

✍ Scribed by Robert T. Clemen (auth.), Tamar Kugler, J. Cole Smith, Terry Connolly, Young-Jun Son (eds.)

• Publisher: Springer-Verlag New York
• Year: 2008
• Tongue: English
• Leaves: 360
• Series: Springer Optimization and Its Applications 21
• Edition: 1
• Category: Library

✦ Synopsis

This text is devoted to examining new research at the interface of operations research, behavioral and cognitive sciences, and decision analysis. In these 14 self-contained chapters, four themes emerge, providing the reader with a variety of perspectives both theoretic and applied to meet the challenges of devising models to understand the decision-making process.

The main broad topics include:

·the integration of decision analysis and behavioral models

·innovations in behavioral models

·exploring descriptive behavior models

·experimental studies

From the cognitive behaviorist who collects empirical evidence as to how people make decisions to the engineer and economist who are the consumers of such understanding, the reader encounters the familiar Traveling Salesman Problem and Prisoner's dilemma, how agricultural decisions are made in Argentina's Pampas region, and some social goals that come into play as an element of rational decision-making.

Decision Modeling and Behavior in Complex and Uncertain Environments will benefit graduate students, mathematicians, engineers, psychologists, and other scientists.

✦ Table of Contents

Front Matter....Pages i-xii
Improving and Measuring the Effectiveness of Decision Analysis: Linking Decision Analysis and Behavioral Decision Research....Pages 3-31
Reducing Perceptual and Cognitive Challenges in Making Decisions with Models....Pages 33-55
Agricultural Decision Making in the Argentine Pampas: Modeling the Interaction between Uncertain and Complex Environments and Heterogeneous and Complex Decision Makers....Pages 57-76
On Optimal Satisficing: How Simple Policies Can Achieve Excellent Results....Pages 79-97
There Are Many Models of Transitive Preference: A Tutorial Review and Current Perspective....Pages 99-124
Integrating Compensatory and Noncompensatory Decision-Making Strategies in Dynamic Task Environments....Pages 125-141
Repeated Prisoner's Dilemma and Battle of Sexes Games: A Simulation Study....Pages 143-161
Individual Values and Social Goals in Environmental Decision Making....Pages 165-198
Does More Money Buy You More Happiness?....Pages 199-226
Cognitive Biases Affect the Acceptance of Tradeoff Studies....Pages 227-249
Valuation of Vague Prospects with Mixed Outcomes....Pages 253-275
Collective Search in Concrete and Abstract Spaces....Pages 277-308
Braess Paradox in the Laboratory: Experimental Study of Route Choice in Traffic Networks with Asymmetric Costs....Pages 309-337
Non-Euclidean Traveling Salesman Problem....Pages 339-358
Back Matter....Pages 359-364

✦ Subjects

Game Theory, Economics, Social and Behav. Sciences; Optimization; Mathematical Modeling and Industrial Mathematics