Decision analysis represents a practical framework for environmental decision making in the face of uncertainty. Aa Aa Aa The conservation of species and ecosystems represents a fundamental challenge ...

Decision theory provides a structured framework for analysing how individuals and institutions make choices amidst uncertainty. It combines the rigour of mathematical models—such as expected utility ...

Green, Jerry R. "Statistical Decision Theory Requiring Incentives for Information Transfer." In The Economics of Information and Uncertainty, edited by J. J. McCall. Chicago: University of Chicago ...

BOSTON, MA—Howard Raiffa, Harvard University’s Frank Plumpton Ramsey Professor of Managerial Economics Emeritus (a joint endowed chair at Harvard Business School and Harvard Kennedy School), who was ...

Facts, notoriously, do not care about our feelings. They are not subjective, but objective. The “I” who experiences emotion is located in time and space, the owner of a single… ...