JOURNAL ARTICLE
José Luis Bermúdez, Frame it Again: New Tools for Rational Decision-Making
Year: 2022 Journal: OEconomia Pages: 143-149 Publisher: Association Œconomia
Abstract
Imagine that 600 people have been contaminated by an unusual disease that will kill all of them very soon. Your job is to decide which of two treatments is going to be administered to those people. On the one hand, Treatment A will save 200 people. On the other hand, with Treatment B, there is 1/3 probability that the 600 people will be saved and 2/3 probability that no people will be saved. Decades of experimental research in psychology suggest that you are very likely to prefer Treatment A ...
Keywords:
Berm Frame (networking) Computer science Geography Archaeology Telecommunications
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Topics
Complex Systems and Decision Making
Social Sciences → Decision Sciences → Management Science and Operations Research
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