Environmental policy makers are embracing consensus-based approaches to environmental decision making in an attempt to enhance public participation in conservation and facilitate the potentially incompatible goals of environmental protection and economic growth. Although such approaches may produce positive results in immediate spatial and temporal contexts and under some forms of governance, t...

Communities face a fundamental choice in how they evaluate any potential benefits accruing from economic development. This paper develops a decision-making framework using two approaches borrowed from the public welfare and public finance literature. The Public Interest approach illustrates how a community may incorporate distributional equity concerns into its evaluation process, while the Pub...

Neuroeconomics has further bridged the once disparate fields of economics and psychology. Such convergence is almost exclusively attributable to changes within economics. Neuroeconomics has inspired more change within economics than within psychology because the most important findings in neuroeconomics have posed more of a challenge to the standard economic perspective. Neuroeconomics has prim...

India, which is one of the largest agricultural-based economies, remained closed until the early 1990s. By 1991, there was growing awareness that the inward-looking import substitution and overvalued exchange rate policy coupled with various domestic policies pursued during the past four decades, limited entrepreneurial decision making in many areas and resulted in a high cost domestic industri...

Situations where people have to decide between hurting themselves or another person are at the core of many individual and global conflicts. Yet little is known about how people behave when facing these situations in the lab. Here we report a large (N = 2.379) experiment in which participants could either take x dollars from another anonymous participant or give y dollars to the same participan...

Environmental scientists play a key role in society's responses to environmental problems, and many of the studies they perform are intended ultimately to affect policy. The precautionary principle, proposed as a new guideline in environmental decision making, has four central components: taking preventive action in the face of uncertainty; shifting the burden of proof to the proponents of an a...

This paper relates a series of current development in the literature of economics and psychology as they relate to decision making by households and business firms. The first part of the paper reviews recent literature dealing with happiness and subjective wellbeing. In the second part of the paper recent developments in management science that make use of intuition and mental focus are related...

Background Economic models in oncology are commonly based on the three-state partitioned survival model (PSM) distinguishing between progression-free and progressive states. However, the heterogeneity of responses observed in immuno-oncology (I-O) suggests that new approaches may be appropriate to reflect disease dynamics meaningfully. Materials and methods This study explored the impact of i...

The concept of an “innovation system” has become used increasingly in current science policy discourse as a metaphor to indicate the need for a much wider perspective on relevant decision-making procedures than has been the case in the past. This paper explores its use from the standpoint of the behaviour of an international agricultural research institute located in Africa and focused on two v...