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Conflict Resolution. Risk-As-Feelings Hypothesis

Author

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  • Lavoslav Caklovic

Abstract

Mathematical model of a goal-oriented thinking with feedback is described. Basic notions: decision graph, feed-back hierarchy and self-duality are introduced and explained. A source of the conflict in our approach is the ignorance about the importance of decision maker's goals. In contrast to Shar, Simonson & Tversky [4] and Deutsch [2] conflict resolution is modeled as a problem of finding a fixed point of a self-assessment operator, i.e. without adding or removing any decision element from decision hierarchy.

Suggested Citation

  • Lavoslav Caklovic, 2011. "Conflict Resolution. Risk-As-Feelings Hypothesis," Labsi Experimental Economics Laboratory University of Siena 035, University of Siena.
    • Handle: RePEc:usi:labsit:035
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    Keywords

    multi-criteria decision making; duality; self-ranking; preference graph; potential method; risk-as-feeling model.;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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