Literature Review

Akio Torii
Additional contact information
Akio Torii: Yokohama National University

Chapter Chapter 2 in Decision-making in High-Risk Projects, 2024, pp 13-20 from Springer

Abstract: Abstract This part analyzes information-gathering behaviors for decision-making regarding the promotion of nuclear energy, as introduced in Chap. 1. Specifically, it focuses on the existence of decision-making entities and entities expected to gather information for conducting business and assessing risks in the process. Using a model, it aims to analyze how the institutional relationship between the two parties influences the behavior of risk assessment. A body of research on communication between informed experts and uninformed DMs has investigated the optimal decisions for DMs, while relying on the agent’s information. In particular, studies that analyze the incentives for experts to spend costs to acquire information address issues similar to those addressed in this study. As such, the model constructed in the prior literature is similar to the model in this study. However, the model in this study differs in several respects for the purpose of decision-making based on risk assessment. The model analysis in this study is not a simple application to decision-making problems involving nuclear energy.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-3056-8_2

Ordering information: This item can be ordered from
http://www.springer.com/9789819730568

DOI: 10.1007/978-981-97-3056-8_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().