Modal Choice by Sequential Application of Decision Criteria

Choice by sequential procedures

We propose a rule of decision-making, the sequential procedure guided by routes, and show that three influential boundedly rational choice models can be equivalently understood as special cases of this rule. In addition, the sequential procedure guided by routes is instrumental in showing that the three models are intimately related. We show that choice with a status-quo bias is a refinement of...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Application of multi-criteria decision making to estimate the potential of flooding

Integrating a geographic information system and multi-criteria decision making methods have been lead to provide spatial multi-criteria decision making methods. In this study, the spatial potential of flooding was determined based on analytic network process and analytic hierarchy process. At first, six factors of flooding were determined as criteria. The criteria were the slope, hill-slope asp...

Decision criteria in risk analysis : an application of stochastic dominance with respect to a function

Melioration as rational choice: sequential decision making in uncertain environments.

Melioration-defined as choosing a lesser, local gain over a greater longer term gain-is a behavioral tendency that people and pigeons share. As such, the empirical occurrence of meliorating behavior has frequently been interpreted as evidence that the mechanisms of human choice violate the norms of economic rationality. In some environments, the relationship between actions and outcomes is know...