ETD

• Decision making
• heuristics
• uncertainty

The work presented is a view of the decision maker as an individual who, to use strategies adaptively, has to consider the structure of decision environments as well as personal limitations. Specifically, through the analysis of semi-structured interviews conducted in two leading investment and central banks we investigated empirically the ways in which financial practitioners cope with uncertainty. A multitude of coping ways beyond probabilistic reasoning are identified; and their functionality and adaptive use are discussed.