Beware of black swans: Taking stock of the description-experience gap in decision under uncertainty

Beware of black swans: Taking stock of the description-experience gap in decision under uncertainty

Uncertainty pervades most aspects of life. From selecting a new technology to choosing a career, decision makers rarely know in advance the exact outcomes of their decisions. Whereas the consequences of decisions in standard decision theory are explicitly described (the decision from description (DF...

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Main Authors: de Palma, André (Author), Abdellaoui, Mohammed (Author), Attanasi, Giuseppe (Author), Erev, Ido (Author), Fehr-Duda, Helga (Author), Fok, Dennis (Author), Fox, Craig R. (Author), Hertwig, Ralph (Author), Picard, Nathalie (Author), Wakker, Peter P (Author), Walker, Joan L (Author), Weber, Martin (Author), Wakker, Peter P. (Author), Walker, Joan L. (Author), Ben-Akiva, Moshe E (Contributor)
Other Authors: Massachusetts Institute of Technology. Department of Civil and Environmental Engineering (Contributor)
Format: Article
Language:English
Published: Springer US, 2016-11-29T15:54:07Z.
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