Uncertainty in Individual and Social Decisions: Theory and Experiments

PhD Thesis# 436
Dr. Stefan (S. T.) Trautmann
Prof. P.P. Wakker, Prof. H. Bleichrodt


Economic decisions under uncertainty are often influenced by psychological factors. The studies reported in this thesis empirically identify psychological influences on decisions and suggest theoretical models to incorporate them into formal economic analyses. Effects on individual, strategic and market decisions are considered. The two main areas of examination are the perception of inequality in situations involving risk, and the role of ambiguity where no probabilities of events are known to the decision maker.

Publisher of the TI-theses is: Rozenberg Publishing Services