John R. Welch, formerly of Hannibal, has published a treatise on decision theory as an aid in making rational decisions. The treatise, entitled "A Plea for Plausibility," demonstrates that decision ...

Loïc Berger receives funding from the Agence Nationale de la Recherche (ANR) under the project INDUCED (ANR-17-CE03-0008-01). Loïc Berger is associate researcher at the European Institute on Economics ...

A small team of researchers at the University of Neuchatel's Institute of Biology in Switzerland has found that captive orangutans and gorillas can make economically rational decisions. Nobel Prize ...

Making good decisions is not easy, and making the best possible (“optimal”) decisions is even harder. Instead, humans often use shortcuts and rules of thumb. From firm managers and policymakers to ...