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Information Presentation in Decision and Risk Analysis: Answered, Partly Answered, and Unanswered Questions
Author(s) -
Keller L. Robin,
Wang Yitong
Publication year - 2017
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/risa.12697
Subject(s) - risk analysis (engineering) , presentation (obstetrics) , listing (finance) , management science , point (geometry) , rational analysis , actuarial science , decision analysis , heuristic , computer science , operations research , psychology , data science , economics , engineering , medicine , artificial intelligence , cognition , neuroscience , geometry , mathematics , mathematical economics , finance , radiology
For the last 30 years, researchers in risk analysis, decision analysis, and economics have consistently proven that decisionmakers employ different processes for evaluating and combining anticipated and actual losses, gains, delays, and surprises. Although rational models generally prescribe a consistent response, people's heuristic processes will sometimes lead them to be inconsistent in the way they respond to information presented in theoretically equivalent ways. We point out several promising future research directions by listing and detailing a series of answered, partly answered, and unanswered questions.