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

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

Industrial Engineering & Business Information Systems

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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Abstract

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 language	English
Title of host publication	ONTOBRAS 2021 - Ontology Research in Brazil
Subtitle of host publication	Proceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021)
Editors	Fernanda Farinelli, Rita Cristina Galarraga Berardi, Joel Luis Carbonera, Daniela Schmidt
Publisher	CEUR
Number of pages	13
Publication status	Published - 2021
Event	14th Seminar on Ontology Research in Brazil, ONTOBRAS 2021 - Online, Virtual, Online, Brazil Duration: 16 Nov 2021 → 19 Nov 2021 Conference number: 14

Conference

Conference	14th Seminar on Ontology Research in Brazil, ONTOBRAS 2021
Abbreviated title	ONTOBRAS 2021
Country/Territory	Brazil
City	Virtual, Online
Period	16/11/21 → 19/11/21
Other	And 5th Doctoral and Masters Consortium on Ontologies, WTDO 2021

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ArticleFinal published version, 6.14 MBLicence: CC BY

http://ceur-ws.org/Vol-3050/Licence: CC BY

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da Costa Ramos, E., Campos, M. L. M., Baião, F., & Guizzardi - Silva Souza, R. (2021). Extending the Core Ontology on Decision Making according to Behavioral Economics. In F. Farinelli, R. C. Galarraga Berardi, J. L. Carbonera, & D. Schmidt (Eds.), ONTOBRAS 2021 - Ontology Research in Brazil: Proceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021) CEUR. http://ceur-ws.org/Vol-3050/

da Costa Ramos, Eduardo ; Campos, Maria Luiza M. ; Baião, Fernanda et al. / Extending the Core Ontology on Decision Making according to Behavioral Economics. ONTOBRAS 2021 - Ontology Research in Brazil: Proceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021). editor / Fernanda Farinelli ; Rita Cristina Galarraga Berardi ; Joel Luis Carbonera ; Daniela Schmidt. CEUR, 2021.

@inproceedings{427a9d6c29b34b4e8fa18398fc03da23,

title = "Extending the Core Ontology on Decision Making according to Behavioral Economics",

abstract = "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.",

author = "{da Costa Ramos}, Eduardo and Campos, {Maria Luiza M.} and Fernanda Bai{\~a}o and {Guizzardi - Silva Souza}, Renata",

year = "2021",

language = "English",

editor = "Fernanda Farinelli and {Galarraga Berardi}, {Rita Cristina} and Carbonera, {Joel Luis} and Daniela Schmidt",

booktitle = "ONTOBRAS 2021 - Ontology Research in Brazil",

publisher = "CEUR",

address = "Germany",

note = "14th Seminar on Ontology Research in Brazil, ONTOBRAS 2021, ONTOBRAS 2021 ; Conference date: 16-11-2021 Through 19-11-2021",

}

da Costa Ramos, E, Campos, MLM, Baião, F & Guizzardi - Silva Souza, R 2021, Extending the Core Ontology on Decision Making according to Behavioral Economics. in F Farinelli, RC Galarraga Berardi, JL Carbonera & D Schmidt (eds), ONTOBRAS 2021 - Ontology Research in Brazil: Proceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021). CEUR, 14th Seminar on Ontology Research in Brazil, ONTOBRAS 2021, Virtual, Online, Brazil, 16/11/21. <http://ceur-ws.org/Vol-3050/>

Extending the Core Ontology on Decision Making according to Behavioral Economics. / da Costa Ramos, Eduardo ; Campos, Maria Luiza M.; Baião, Fernanda et al.
ONTOBRAS 2021 - Ontology Research in Brazil: Proceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021). ed. / Fernanda Farinelli; Rita Cristina Galarraga Berardi; Joel Luis Carbonera; Daniela Schmidt. CEUR, 2021.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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T1 - Extending the Core Ontology on Decision Making according to Behavioral Economics

AU - da Costa Ramos, Eduardo

AU - Campos, Maria Luiza M.

AU - Baião, Fernanda

AU - Guizzardi - Silva Souza, Renata

N1 - Conference code: 14

PY - 2021

Y1 - 2021

N2 - 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.

AB - 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.

M3 - Conference contribution

BT - ONTOBRAS 2021 - Ontology Research in Brazil

A2 - Farinelli, Fernanda

A2 - Galarraga Berardi, Rita Cristina

A2 - Carbonera, Joel Luis

A2 - Schmidt, Daniela

PB - CEUR

T2 - 14th Seminar on Ontology Research in Brazil, ONTOBRAS 2021

Y2 - 16 November 2021 through 19 November 2021

ER -

da Costa Ramos E, Campos MLM, Baião F, Guizzardi - Silva Souza R. Extending the Core Ontology on Decision Making according to Behavioral Economics. In Farinelli F, Galarraga Berardi RC, Carbonera JL, Schmidt D, editors, ONTOBRAS 2021 - Ontology Research in Brazil: Proceedings of the XIV Seminar on Ontology Research in Brazil (ONTOBRAS 2021) and V Doctoral and Masters Consortium on Ontologies (WTDO 2021). CEUR. 2021

Extending the Core Ontology on Decision Making according to Behavioral Economics

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