Bernard Rosneson's Blog

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Transformation Natural to Decisions Made Under Uncertainty

People make irrational choices more often than not. Our decision centers: the brain, the heart, and the gut alternate in the influence of choices. Economists have relegated natural decision making to the heart. Behavioral economics has come on it's own offering a different explanation of choice and decision making. The following essay examines the transformation natural to decisions made under uncertainty. file File Name: Advances-in-prospect-Theory.pdf File Size: 189 kb Download File
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