Decision theory

States of Nature and States of Mind: A generalized theory of decision-making

Canonical economic agents act so as to maximize a single, representative, utility function. However, there is accumulating evidence that heterogeneity in thought processes may be an important determinant of individual behavior. This paper …

A Review of Economic Dual-Self Modelling

Dual-self decision theory generalises the canonical economic model by admitting multiple, possibly conflicting, decision criteria. A typical dual-self model will formalise psychological or neuroscientific descriptions of the human decision-making …