Extending the Core Ontology on Decision Making according to Behavioral Economics

Eduardo da Costa Ramos, Maria Luiza M. Campos, Fernanda Baião, Renata Guizzardi - Silva Souza

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Decisions are constantly made and some of them may be extremely critical. However, most decision makers are unaware that their decisions may be biased. We used Behavioral Economics as a foundation to propose an ontology that shows how decision makers' preferences are set and the situation in which they occur in an intuitive decision under risk and uncertainty. Our aim is that this ontology be used to improve their decisions by allowing them a better understanding of how they decide. In addition, this ontology can be used as part of a strategy to reduce biases.
Original languageEnglish
Title of host publicationONTOBRAS 2021 - Ontology Research in Brazil
Subtitle of host publicationProceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021)
EditorsFernanda Farinelli, Rita Cristina Galarraga Berardi, Joel Luis Carbonera, Daniela Schmidt
Number of pages13
Publication statusPublished - 2021
Event14th Ontology Research Seminar in Brazil, ONTOBRAS 2021 - Online, Brazil
Duration: 16 Nov 202119 Nov 2021
Conference number: 14


Conference14th Ontology Research Seminar in Brazil, ONTOBRAS 2021
Abbreviated titleONTOBRAS 2021


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