This is a preview. Log in through your library . Abstract This paper describes and discusses the results of a national survey [1] on the use of mathematical models in plant maintenance decision making ...

“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP). It states that if prospect x is preferred to y knowing that Event A ...

When facing a stressful situation with a possible negative outcome, such as a battle with cancer, our human ability to use our own decision-making to put the odds in our favour is an important way to ...

Strategic decision making lies at the heart of game theory and market competition research, providing a framework to understand how rational agents interact under conditions of uncertainty and ...