.../value This two‐part paper explores the underlying nature of randomness in terms of both its physical/mathematical properties and its role in human cognition. © Emerald Group Publishing Limited 2008 Simulation Random processes Complexity theory Uncertainty management This editorial...

... confident that his next coin toss will result in “heads”, a novice magician may be only 60 percent confident of this outcome. © Emerald Group Publishing Limited 2008 Random processes Complexity theory Uncertainty management Risk management To be clear, therefore, about what I mean...

...: Decision making Complexity theory Artificial intelligence Psychology As explained in part I of this series, contrary to prospect theory and expected utility theory, a decision maker's choice may not change as expected values and variances of outcomes change; and contrary to prospect theory, risk...

..., methods, analysis, and results of Kahneman and Tversky (1979) : © Emerald Group Publishing Limited 2005 Decision making Complexity theory Risk management Artificial intelligence Psychology Prospect Theory (PT) and Cumulative Prospect Theory (CPT) were developed by Kahneman...

... Limited 2005 Complexity theory Decision making Risk management Artificial intelligence Psychology Decisions depend not only on “certainty of occurrence,” but also on “conformity”, “situational factors,” and “time dynamics”. The decision maker may not overweight “certain” or low‐variance...