INFORMS DAP Award
Decision-Analysis-Society 2008 Publication Award
Fri Sep 5, 2008
The Decision Analysis Publication Award is given annually to the best decision analysis journal article or book published in the second calendar year prior to the year in which the award is given. For consideration for this year's award, a work should have been published during CALENDAR YEAR 2006. The award is accompanied by a plaque and a $750 honorarium. The intent of the award is to recognize the best publication in "decision analysis, broadly defined." This includes, but is not necessarily limited to, theoretical work on decision analysis methodology (including behavioral decision making and non-expected utility theory), descriptions of applications, and experimental studies.
I am pleased to announce that the 2008 Decision Analysis Award goes to Louis Eeckhoudt and Harris Schlesinger for their paper, "Putting Risk in Its Proper Place", The American Economic Review, Vol. 96, No. 1, March 2006. There were a number of excellent papers that covered topics from fundamental research on utility and risk theories, behavioral decision theory, and several very impressive applications of decision analysis to significant problems, along with some noteworthy books. We also recognized two finalists from this set of papers, and they were for Fabio Maccheroni, Massimo Marinacci, and Aldo Rutichini for "Ambiguity Aversion, Robustness, and the Variational Representation of Preferences, Econometrica, Vol. 74, No. 6, November 2006, and for Henry P. Stott for "Cumulative Prospect Theory's Functional Menagerie", Journal of Risk and Uncertainty (2006) 32: 101-130.
Given the number of worthy candidate papers and books, the task of sorting through and evaluating these publications was a major tasks. We should all express our thanks to the committee members: Eric Bickel, Rakesh Sarin, and Han Bleichrodt. They spent many hours reviewing the materials, which also turned out to be a rewarding experience given the quality of the work.
Congratulations to the winners and to the finalists.
2008 Publication Award Chair