{"id":"https://openalex.org/W3126313342","doi":null,"title":"Normative and Descriptive Theories of Decision Making under Risk : A Short Review","display_name":"Normative and Descriptive Theories of Decision Making under Risk : A Short Review","publication_year":2007,"publication_date":"2007-06-28","ids":{"openalex":"https://openalex.org/W3126313342","mag":"3126313342"},"language":"en","primary_location":{"id":"pmh:oai:erepo.uef.fi:123456789/8411","doi":null,"is_oa":true,"landing_page_url":"http://urn.fi/URN:ISBN:978-952-458-985-7","pdf_url":"https://erepo.uef.fi/bitstreams/212540b9-8268-46b2-b104-4a508cb76a90/download","source":{"id":"https://openalex.org/S4306402418","display_name":"UEF eRepo (University of Eastern Finland)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I175532246","host_organization_name":"University of Eastern Finland","host_organization_lineage":["https://openalex.org/I175532246"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/book"},"volume":null,"type":"book","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://erepo.uef.fi/bitstreams/212540b9-8268-46b2-b104-4a508cb76a90/download","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037150735","display_name":"Niko Suhonen","orcid":"https://orcid.org/0000-0002-5589-3577","observed_orcids":["https://orcid.org/0000-0002-5589-3577"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Niko Suhonen","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5589-3577","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5037150735"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.43010753,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14465","display_name":"Leadership, Behavior, and Decision-Making Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/decision-making-under-risk","display_name":"decision making under risk","score":0.996999979019165},{"id":"https://openalex.org/keywords/expected-utility-theory","display_name":"expected utility theory","score":0.878000020980835},{"id":"https://openalex.org/keywords/rationality-assumption","display_name":"rationality assumption","score":0.675000011920929},{"id":"https://openalex.org/keywords/regret-theory","display_name":"regret theory","score":0.9940000176429749},{"id":"https://openalex.org/keywords/prospect-theory","display_name":"prospect theory","score":1.0},{"id":"https://openalex.org/keywords/stochastic-preferences","display_name":"stochastic preferences","score":0.7950000166893005},{"id":"https://openalex.org/keywords/descriptive-theory","display_name":"descriptive theory","score":0.6079999804496765},{"id":"https://openalex.org/keywords/normative-theory","display_name":"normative theory","score":0.996999979019165},{"id":"https://openalex.org/keywords/gambling","display_name":"gambling","score":0.6140000224113464},{"id":"https://openalex.org/keywords/casino-gambling","display_name":"casino gambling","score":0.6510000228881836},{"id":"https://openalex.org/keywords/betting-markets","display_name":"betting markets","score":0.5379999876022339}],"concepts":[{"id":"https://openalex.org/C44725695","wikidata":"https://www.wikidata.org/wiki/Q288156","display_name":"Normative","level":2,"score":0.8574423789978027},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.4178580641746521},{"id":"https://openalex.org/C539667460","wikidata":"https://www.wikidata.org/wiki/Q2414942","display_name":"Management science","level":1,"score":0.3798248767852783},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.37692970037460327},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.3765512704849243},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.20690485835075378},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.18387240171432495},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.1662813127040863}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:erepo.uef.fi:123456789/8411","doi":null,"is_oa":true,"landing_page_url":"http://urn.fi/URN:ISBN:978-952-458-985-7","pdf_url":"https://erepo.uef.fi/bitstreams/212540b9-8268-46b2-b104-4a508cb76a90/download","source":{"id":"https://openalex.org/S4306402418","display_name":"UEF eRepo (University of Eastern Finland)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I175532246","host_organization_name":"University of Eastern Finland","host_organization_lineage":["https://openalex.org/I175532246"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/book"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.335.1228","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.335.1228","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://epublications.uef.fi/pub/urn_isbn_978-952-458-985-7/urn_isbn_978-952-458-985-7.pdf","raw_type":"text"},{"id":"mag:3126313342","doi":null,"is_oa":false,"landing_page_url":"https://erepo.uef.fi/handle/123456789/8411","pdf_url":null,"source":{"id":"https://openalex.org/S4306473857","display_name":"Joensuun yliopisto eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"ebook platform"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Joensuun yliopisto eBooks","raw_type":null}],"best_oa_location":{"id":"pmh:oai:erepo.uef.fi:123456789/8411","doi":null,"is_oa":true,"landing_page_url":"http://urn.fi/URN:ISBN:978-952-458-985-7","pdf_url":"https://erepo.uef.fi/bitstreams/212540b9-8268-46b2-b104-4a508cb76a90/download","source":{"id":"https://openalex.org/S4306402418","display_name":"UEF eRepo (University of Eastern Finland)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I175532246","host_organization_name":"University of Eastern Finland","host_organization_lineage":["https://openalex.org/I175532246"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/book"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320311795","display_name":"Yrj\u00f6 Jahnssonin S\u00e4\u00e4ti\u00f6","ror":"https://ror.org/0574hzg66"},{"id":"https://openalex.org/F4320321726","display_name":"Suomen Kulttuurirahasto","ror":"https://ror.org/027xav248"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3126313342.pdf","grobid_xml":"https://content.openalex.org/works/W3126313342.grobid-xml"},"referenced_works_count":35,"referenced_works":["https://openalex.org/W79789520","https://openalex.org/W127422594","https://openalex.org/W791483682","https://openalex.org/W807340733","https://openalex.org/W1587085269","https://openalex.org/W1965761421","https://openalex.org/W1977326596","https://openalex.org/W1983546905","https://openalex.org/W1989285461","https://openalex.org/W1989607596","https://openalex.org/W1992558505","https://openalex.org/W2009979919","https://openalex.org/W2019025561","https://openalex.org/W2027047704","https://openalex.org/W2031426769","https://openalex.org/W2040689732","https://openalex.org/W2041389336","https://openalex.org/W2041946752","https://openalex.org/W2042223112","https://openalex.org/W2084913862","https://openalex.org/W2096452841","https://openalex.org/W2099161251","https://openalex.org/W2120677542","https://openalex.org/W2122405726","https://openalex.org/W2133469585","https://openalex.org/W2145964516","https://openalex.org/W2149893228","https://openalex.org/W2150552447","https://openalex.org/W2153983496","https://openalex.org/W2226091610","https://openalex.org/W2333311386","https://openalex.org/W2476520810","https://openalex.org/W2602737734","https://openalex.org/W2969778058","https://openalex.org/W3121857318"],"related_works":["https://openalex.org/W1982775095","https://openalex.org/W1572642052","https://openalex.org/W2133469585","https://openalex.org/W4414549258","https://openalex.org/W2071976388","https://openalex.org/W195855283","https://openalex.org/W3182467646","https://openalex.org/W2004467535","https://openalex.org/W2150552447","https://openalex.org/W4406119044"],"abstract_inverted_index":{"The":[0],"paper":[1],"discusses":[2],"some":[3,56],"recent":[4],"developments":[5],"in":[6,97,110],"analysis":[7],"of":[8,25,51],"decision":[9,113],"making":[10],"under":[11],"risk":[12],"and":[13,21,49,61,91,93,101],"uncertainty.First":[14],"we":[15,27,40,54,82],"present":[16,41],"the":[17,22,29,36,42,98],"expected":[18,37],"utility":[19,38,78],"theory":[20,48,50],"basic":[23],"assumptions":[24],"rationality.Second":[26],"discuss":[28,55],"critique":[30],"that":[31,66,81],"has":[32],"been":[33],"directed":[34],"towards":[35],"theory.Next":[39],"alternative":[43],"theories:":[44],"regret":[45],"theory,":[46],"prospect":[47],"stochastic":[52],"preference.Finally":[53],"practical":[57],"examples":[58],"from":[59,74],"casinos":[60],"gambling":[62],"markets.It":[63],"is":[64],"argued":[65],"descriptive":[67,95,102],"theories":[68,76,96,103],"(e.g.prospect":[69],"theory)":[70],"have":[71],"taken":[72],"room":[73],"normative":[75,100],"(e.g.expected":[77],"theory).We":[79],"conclude":[80],"should":[83],"push":[84],"forward":[85],"with":[86],"empirical":[87],"testing,":[88],"both":[89],"experimental":[90],"non-experimental,":[92],"develop":[94],"future.However":[99],"are":[104,108],"not":[105],"mutually":[106],"exclusive.Both":[107],"needed":[109],"real":[111],"life":[112],"making.":[114]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":3}],"updated_date":"2026-10-04T09:36:47.201465","created_date":"2021-02-15T00:00:00"}
