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Theory and Decision

An International Journal for Multidisciplinary Advances in Decision Science

Theory and Decision OnlineFirst articles

14.05.2018 Open Access

An exploration of third parties’ preference for compensation over punishment: six experimental demonstrations

Research suggests that to restore equity, third parties prefer compensation of a victim over the punishment of a perpetrator. It remains unclear, however, whether this preference for compensation is stable or specific to certain situations. In six …


Violations of betweenness and choice shifts in groups

In decision theory, the betweenness axiom postulates that a decision maker who chooses an alternative A over another alternative B must also choose any probability mixture of A and B over B itself and can never choose a probability mixture of A …


Why do young women marry old men?

This paper presents an overlapping generations household model with positive assortative matching (richer individuals marry richer partners), incomplete information about partner’s type (it takes time to reveal income-earning capabilities of …


Asymmetric endogenous prize contests

We consider a two-player contest in which one contestant has a headstart advantage, but both can exert further effort. We allow the prize to depend on total performance in the contest and consider the respective cases in which efforts are …


Ambiguous life expectancy and the demand for annuities

In this paper, ambiguity aversion to uncertain survival probabilities is introduced in a static life-cycle model with a bequest motive to study the optimal demand for annuities. Provided that annuities’ return is sufficiently large, and notably …

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Über diese Zeitschrift

Theory and Decision is devoted to all aspects of decision-making, exploring research in psychology, management science, economics, the theory of games, statistics, operations research, artificial intelligence, cognitive science, and analytical philosophy. Moreover, it addresses cross-fertilization among these disciplines.

This journal draws special attention to experimentation in decision-making and its links to the cognitive sciences. It also addresses applications to various problems in management and organizational science, economics and finance, and computer-supported decision schemes.

Particular topics addressed include preference and belief modeling, experimental decision-making under risk or uncertainty, decision analysis, multi-criteria decision modeling, game theory, negotiation theory, collective decision making, social choice, rationality, cognitive processes and interactive decision-making, and methodology of the decision sciences.

Officially cited as:

Theory Decis

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