Their model separates the immediate utility of consumption from the lasting “remembered ... they seek to incorporate this idea into the way economic decision-making is understood and modeled. By ...

University of Virginia professor Roman Krzysztofowicz was drawn to the emerging field of systems engineering early in his ...

An old idea, or belief, has come back from the dead, and has captured the decision-making process of this ... but their continued utility in a fast-moving world is questionable.

In their recent paper, "Time for Memorable Consumption," published in Games and Economic Behavior, they seek to incorporate this idea into the way economic decision-making is understood and modeled.

In this article, we use sunk cost predictions to look at people’s theory of mind and their conceptions of mental life. More specifically, we ask which mental states and motivations are seen as ...

While strong decision-making doesn’t come naturally to everyone, it can be cultivated; this is one reason why aspiring leaders, in particular, seek out coaching services: to become demonstrably ...

During the Cold War, logical rationality – consistency axioms, subjective expected utility maximization, Bayesian probability updating – became ... Finally, I argued that psychological theories of ...

Economics, as both a science and a social discipline, has been shaped by centuries of intellectual debate, evolving paradigms, and contrasting ideologies .

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Google DeepMind's AlphaZero program taught itself the games of chess, shogi, and Go using machine learning and a special ...

An innovative algorithm called Spectral Expansion Tree Search helps autonomous robotic systems make optimal choices on the move.

Friedman’s approach can be understood as an application of instrumentalism, a view in the philosophy of science that focuses on the utility of theories rather than their ... Similarly, an economic ...