Exact(2)
Recently, behavioral economists and cognitive psychologists have developed the popular cumulative prospect theory (CPT) to describe observed decision making behavior.
If an observed decision making unit o consumes x io units of input i and produces y ro units of output r, the efficiency ratio of this unit is raisebox{1ex}{${displaystyle {sum}_r{u}_r{y}_{ro}}$} left/ raisebox{-1ex raisebox{-1exyle {sum}{i{v}_i{x}_{io}}${displaystyle
Similar(58)
With these models we prove the convergence of human behavior to the observed aggregate decision making for reward structures with matching points.
The latter observation suggests that apathy or lack of engagement with the task is unlikely to explain the observed group differences in decision making.
Thus, the observed differences can be at least partly explained by differences in professional strategies and clinical decision making.
Decision making.
Recognition primed decision making.
Multi criteria decision making.
Decision making unit.
Multi Attribute decision making.
The observed trade off between gain and risk, demonstrated here for food reduction and safety increase, may possibly apply also to other contexts of economic decision making.
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