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Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties turns out to be too rigid to take many tricky issues of choice under uncertainty into account. The good news is that we have now moved away from the early descriptively inadequate modeling of behavior. This book brings the reader into contact with the accomplished progress in individual decision making through the most recent contributions to uncertainty modeling and behavioral decision making. It also introduces the reader into the many subtle issues to be resolved for rational choice under uncertainty.

Decision making. --- Quality of life. --- Risk management. --- Uncertainty. --- Business & Economics --- Social Sciences --- Mathematics --- Physical Sciences & Mathematics --- Mathematical Statistics --- Economic Theory --- Psychology --- Operations research. --- Game theory. --- Economic theory. --- Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Game Theory, Economics, Social and Behav. Sciences. --- Operation Research/Decision Theory. --- Mathematics. --- Operations Research/Decision Theory. --- Math --- Science --- Economic theory --- Political economy --- Social sciences --- Economic man --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Games, Theory of --- Theory of games --- Mathematical models --- Decision making