Human decisions are often far from rational. Although the normative models of decision are still valid as research frameworks and performance standards, research consistently showed that neither the decision patterns are coherent with the rational normative model nor the decisions seem consistent enough for a general theory of decision to be developed. This thesis is focused on the mental frames or determinants that produce specific patterns of decision, discussing three main themes: (1) risk perception, the psychological dimension of risk, risk preferences and implications on...
Human decisions are often far from rational. Although the normative models of decision are still valid as research frameworks and performanc...