Economics, like I imagine other scientific disciplines, normally moves in incremental steps,
and always without a central guide. Much like practitioners of other disciplines, we …

According to the class of de minimis decision principles, risks can be ignored (or at least
treated very differently from other risks) if the risk is sufficiently small. In this article, we argue …

There are many modeling works that aim to explain people's behaviors that violate classical
economic theories. However, these models often do not take into full account the multi-stage …

In the commodity markets, consumers, producers, and investors will occasionally lose out on
positions in the futures and options markets. Very large losses in commodity trading can …

Orthodox decision theory is fanatical in the way it treats small probabilities of enormous
value, if unbounded utility functions are allowed. Some have suggested a fix, Nicolausian …

In response to cases that involve tiny probabilities of huge payoffs, some argue that we
ought to discount small probabilities down to zero. However, this paper shows that doing so …

In the scope of this thesis, a neural event communication architecture has been developed
for use in an accelerated neuromorphic computing system and with a packet-based high …

The rewards a blockchain miner earns vary with time. Most of the time is spent mining
without receiving any rewards, and only occasionally the miner wins a block and earns a …

The energy transition has increased the reliance on intermittent energy sources,
destabilizing energy markets and causing unprecedented volatility, culminating in the global …

Probabilistic decision-making is a fundamental problem considered in many disciplines from
engineering to social sciences. In this article, we address decision-making in contexts where …