2 results match your criteria: "Future Resilient Systems at the Singapore-ETH Centre (SEC)[Affiliation]"

Infrastructure systems are the structural backbone of cities, facilitating the flow of essential services. Because those systems can be disrupted by natural hazards, risk management has been the prevailing approach for assessing the consequences and expected level of damage. Although this may be a valuable metric, the practice of risk assessment does not represent how hazards affect a network of assets on a larger scale.

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Quantum Decision Theory in Simple Risky Choices.

PLoS One

July 2017

ETH Zürich, Department of Management, Technology and Economics, Scheuchzerstrasse 7, 8092 Zürich, Switzerland.

Quantum decision theory (QDT) is a recently developed theory of decision making based on the mathematics of Hilbert spaces, a framework known in physics for its application to quantum mechanics. This framework formalizes the concept of uncertainty and other effects that are particularly manifest in cognitive processes, which makes it well suited for the study of decision making. QDT describes a decision maker's choice as a stochastic event occurring with a probability that is the sum of an objective utility factor and a subjective attraction factor.

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