Decision Processes
How do individuals and organizations make decisions regarding risk? How can they make more effective decisions? The Center is researching decision processes in areas that include consumer behavior with respect to insurance and protective activities, as well as how industrial firms take steps to prevent low probability product failures and major accidents and to cope with them when they do occur.
The Risk Center hosts a monthly Rationality Seminar during the academic year. These seminars are an opportunity for discussion and networking with other faculty and students interested in human decision processes. For more information about these seminars, contact Carol Heller
In 2005, the Center introduced the Russell Ackoff Doctoral Student Award for Research on Human Decision Processes to help foster student research in decision processes at Penn.
Current Center research projects dealing with decision processes are:
- Network Structure, Behavorial Considerations and Risk Management in Interdependent Security Games
- Stochastic and Deterministic Prisoner Dilemma (PD) Experiments
