... accepting the assertions made in the info‐gap literature about: info‐gap decision theory's role and place in decision making under severe uncertainty; and its ability to model, analyze, and manage severe uncertainty. Originality/value This paper exposes the serious difficulties with claims made...

...Moshe Sniedovich Purpose The purpose of this paper is to illustrate the expressive power of Wald's maximin model and the mathematical modeling effort requisite in its application in decision under severe uncertainty. Design/methodology/approach Decision making under severe uncertainty is art...

..., VAR, etc.) are related and have the same foundations. Design/methodology/approach The author critiques existing academic work on risk, decision making, prospect theory, cumulative prospect theory, expected utility theory, VAR and other market‐risk models (ARCH, GARCH, etc.) and analyzes...

...Michael Nwogugu Purpose To: evaluate Prospect Theory and Cumulative Prospect Theory as functional models of decision making and risk within various contexts; compare and analyze risk models and decision‐making models; evaluate models of stock risk developed by Robert Engle and related models...

...Michael Nwogugu Purpose To: evaluate Prospect Theory and Cumulative Prospect Theory as functional models of decision making and risk within various contexts; compare and analyze risk models and decision‐making models; evaluate models of stock risk developed by Robert Engle and related models...

... as those who use the model daily. Originality/value The main value is to demonstrate in rather large detail how a somewhat complicated model can be developed and used in an organization, which, originally, was not well aligned with the ideas of the modellers. For consensus decision making...

... in explaining the relationship between investment and financing decisions. © Emerald Group Publishing Limited 2005 Financial management Debts Gearing Decision making Spain The study of the combination of internal and external financial resources in company liability has generated...