image: Modern decision theory can assist policymakers in critical times such as the COVID-19 crisis, argue Bocconi University's Massimo Marinacci and Valentina Bosetti in a paper coauthored by Nobel ...

Decision theory provides a structured framework for analysing how individuals and institutions make choices amidst uncertainty. It combines the rigour of mathematical models—such as expected utility ...

We make decisions every day, many of which are so straightforward that we hardly notice we are making them. But we tend to struggle when faced with decisions that have uncertain outcomes, such as ...

Posts from this author will be added to your daily email digest and your homepage feed. With the world around us changing rapidly, uncertainty is inescapable. We feel it in both our personal and ...

Barbara Jacquelyn Sahakian consults for Cambridge Cognition. Dr Sahakian’s research is funded by the Wellcome Trust, the Lundbeck Foundation and the Leverhulme Trust and is conducted within the NIHR ...

There is no Planet B. Source: Markus Spiske/Pexels What is your experience of the recent heatwaves scorching Western Europe, the United States, and China? While my toddler rejoices in the almost ...

Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.