Jayavel Sounderpandian

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Ambiguity aversion has been widely observed in individuals' judgments. Using scenarios that are typical in decision analysis, we investigate ambiguity aversion for pairs of individuals. We examine risky and cautious shifts from individuals' original judgments to their judgments when they are paired up in dyads. In our experiment the participants were first(More)
Suppose you must choose between two pieces of information A and B. In the absence of cost, you would prefer to obtain A rather than B, and in fact would be willing to take more risk to obtain A than B. Nevertheless, you would pay more money for B than for A. Are your preferences consistent with expected utility? The answer is yes, they may very well be. We(More)
EXECUTIVE SUMMARY This case focuses on the development of information systems for not-for-profit volunteer-based organizations. Specifically, we discuss an information system project for the Volunteer Center of Racine (VCR). This case targets the analysis and design phase of the project using the Unified Modeling Language (UML) methodology, database(More)
Risk aversion and ambiguity aversion have been widely observed in individual choices. Ambiguity aversion may result because of one's dislike for lack of information or knowledge. Using scenarios that are typical in decision analysis, we investigate risk and ambiguity aversion for dyads (groups of size two). We limit our experiment study to dyads to reduce(More)