Optimal Cropping Pattern Modifications with the Aim of Environmental-Economic Decision Making Under Uncertainty

Modifications of the Omega ratio for decision making under uncertainty

The Omega ratio (Ω-ratio) was proposed by Shadwick and Keating in 2002 as a performance measure applied to rankings of assets, portfolios or funds. It involves partitioning returns into loss and gain below and above a given threshold. The original version was designed for decision making under risk (probabilities completely known), but recent research has shown that this measure can be adapted ...

Decision making under uncertainty

Decision making under uncertainty

1 Laboratory of Computational Neuroscience, École Polytechnique Fédérale de Lausanne, Lausanne, Switzerland 2 Laboratoire de Recherché en Neuroimagerie, Le Centre Hospitalier Universitaire Vaudois, Lausanne, Switzerland 3 Information Processing and Economic Decision Making, Department of Psychology, Universität Konstanz, Konstanz, Germany 4 Economic Psychology, Department of Psychology, Univers...

Decision-Making Under Scientific, Political and Economic Uncertainty

Keynes and Knight make a clear distinction between two kinds of uncertainty : the first one, called risk, may be characterized by probabilities, while this is not possible for the second one. Here we deal with decision-making under genuine uncertainty, no probability distributions being available. We first consider criteria to accept some piece of information as reliable. And we examine the pos...

Environmental and Water Resources Decision - Making Under Uncertainty

HARRISON, KENNETH WATSON. Environmental and Water Resources Decision-Making Under Uncertainty. (Under the direction of S. Ranji Ranjithan.) Decision-making under uncertainty is an important area of study in numerous disciplines. The variety of quantitative methods that have been proposed to address environmental and water resources problems reflects the importance of this subject. In a review o...

Decision making under uncertainty with fuzzy targets

This paper discusses the issue of how to use fuzzy targets in the targetbased model for decision making under uncertainty. After introducing a target-based interpretation of the expected value on which it is shown that this model implicitly assumes a neutral behavior on attitude about the target, we examine the issue of using fuzzy targets considering different attitudes about the target select...