Decision Theory And Choices A Complexity Approach

Author : Marisa Faggini
Publisher : Springer Science & Business Media
ISBN 13 : 8847017785
Total Pages : 252 pages
Book Rating : 4.88/5 ( download)

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Download or read book Decision Theory and Choices: a Complexity Approach written by Marisa Faggini and published by Springer Science & Business Media. This book was released on 2010-12-28 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the complexity theory tries to give a scientific basis to the way in which individuals really choose, showing that those models of human nature is routinely falsified by experiments since people are neither selfish nor rational. Thus inductive rules of thumb are usually implemented in order to make decisions in the presence of incomplete and heterogeneous information sets.

Author : Rudolf Grünig
Publisher : Springer Science & Business Media
ISBN 13 : 3642008542
Total Pages : 246 pages
Book Rating : 4.42/5 ( download)

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Download or read book Successful Decision-making written by Rudolf Grünig and published by Springer Science & Business Media. This book was released on 2009-09-01 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike other publications on decision making, the book focuses on discovering the problem, analyzing it and on developing and assessing solution options. One whole chapter describes a case study. It illustrates how the proposed decision making procedure is used in practice. Executives get an approach to systematically and successfully solving complex problems.

Author : Rudolf Grünig
Publisher : Springer Science & Business Media
ISBN 13 : 3540275037
Total Pages : 236 pages
Book Rating : 4.39/5 ( download)

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Download or read book Successful Decision-making written by Rudolf Grünig and published by Springer Science & Business Media. This book was released on 2006-03-14 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike other publications on decision making, the book focuses on discovering the problem, analyzing it and on developing and assessing solution options. One whole chapter describes a case study. It illustrates how the proposed decision making procedure is used in practice. Executives get an approach to systematically and successfully solving complex problems.

Author : A. Rapoport
Publisher : Springer
ISBN 13 : 0230377769
Total Pages : 484 pages
Book Rating : 4.69/5 ( download)

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Download or read book Decision Theory and Decision Behaviour written by A. Rapoport and published by Springer. This book was released on 1998-01-27 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book treats two approaches to decision theory: (1) the normative, purporting to determine how a 'perfectly rational' actor ought to choose among available alternatives; (2) the descriptive, based on observations of how people actually choose in real life and in laboratory experiments. The mathematical tools used in the normative approach range from elementary algebra to matrix and differential equations. Sections on different levels can be studied independently. Special emphasis is made on 'offshoots' of both theories to cognitive psychology, theoretical biology, and philosophy.

Author : Paul C. Nutt
Publisher : John Wiley & Sons
ISBN 13 : 1405161353
Total Pages : 723 pages
Book Rating : 4.50/5 ( download)

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Download or read book Handbook of Decision Making written by Paul C. Nutt and published by John Wiley & Sons. This book was released on 2010-05-17 with total page 723 pages. Available in PDF, EPUB and Kindle. Book excerpt: HANDBOOK OF DECISION MAKING This handbook offers a state-of-the-art overview of research and theories on decision making in organizations at the strategic level of analysis. Chapters are authored by leading international scholars, with some illustrative case vignettes from practitioners. Each contributor was selected for his/her special knowledge of the field. The Handbook addresses key questions confronting the decision making research of the past and the present, offers critiques, and suggests future research directions. Topics covered emphasize the classic decision theory perspectives while also incorporating recent insights from the fields of strategic choice, risk & uncertainty, scenario planning and complexity theory, with a broad social science perspective on the disciplinary roots of decision theory in economics, politics, and social theory. This is a landmark reference volume for the field, offering scholars and practitioners: Comprehensive, but accessible, coverage of classic and recent developments Chapters by established international experts Case analyses illustrating practical consequences of theories Guide to new research directions and theory

Author : Richard Harper
Publisher : John Wiley & Sons
ISBN 13 : 0745683886
Total Pages : 229 pages
Book Rating : 4.81/5 ( download)

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Download or read book Choice written by Richard Harper and published by John Wiley & Sons. This book was released on 2017-09-05 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: We make decisions every day. Yet we are sometimes perplexed by these decisions and the decisions of others. To complicate things further, we live in an age where there are more things to choose from than ever before – the Internet is transforming our choices and making us more accountable for them: what we choose is recorded, modelled and used to predict our future behaviour. So are we in a position to make better choices today than we were a decade ago? Certainly there are some who believe so. Psychologists claim we are subject to hidden mental processes that lead us to one thing rather than another; economists offer predictions about what people will buy; and some philosophers claim that our choices echo our evolutionary past. Are these claims merited? Do they reflect the beginnings of a new science of choice? This book offers a critical overview of these and other claims, showing where they are justified and where they are exaggerated. It will be an essential reference for anyone interested in whether science can help us to understand both the ways people make choices in their everyday lives and how these may be changing.

Author : Stephen J. Guastello
Publisher : Springer
ISBN 13 : 4431553126
Total Pages : 138 pages
Book Rating : 4.20/5 ( download)

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Download or read book Cognitive Workload and Fatigue in Financial Decision Making written by Stephen J. Guastello and published by Springer. This book was released on 2015-12-14 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new theory and empirical studies on the roles of cognitive workload and fatigue on repeated financial decisions. The mathematical models that are developed here utilize two cusp catastrophe functions for discontinuous changes in performance and integrate objective measures of workload, subjective experiences, and individual differences among the decision makers. Additional nonlinear dynamical processes are examined with regard to persistence and antipersistence in decisions, entropy, further explanations of overall performance, and the identification of risk-optimization profiles for long sequences of decisions.

Author : Itzhak Gilboa
Publisher : John Wiley & Sons
ISBN 13 : 1444336517
Total Pages : 235 pages
Book Rating : 4.11/5 ( download)

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Download or read book Making Better Decisions written by Itzhak Gilboa and published by John Wiley & Sons. This book was released on 2010-10-19 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions. Introduces readers to key aspects of decision theory and examines how they might help us make better decisions Presentation of material encourages readers to imagine a situation and make a decision or a judgment Offers a broad coverage of the subject including major insights from several sub-disciplines: microeconomic theory, decision theory, game theory, social choice, statistics, psychology, and philosophy Explains these insights informally in a language that has minimal mathematical notation or jargon, even when describing and interpreting mathematical theorems Critically assesses the theory presented within the text, as well as some of its critiques Includes a web resource for teachers and students

Author : David Bennet
Publisher : Mqipress
ISBN 13 : 9781949829259
Total Pages : 178 pages
Book Rating : 4.51/5 ( download)

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Download or read book Decision-Making in the New Reality written by David Bennet and published by Mqipress. This book was released on 2019-03-22 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: We live in a world that offers many possible futures. The ever-expanding complexity of information and knowledge provide many choices for decision-makers, and we are all making decisions every single day! As the problems and messes of the world become more complex, our decision consequences are more and more difficult to anticipate, and our decision-making processes must change to keep up with this world complexification. This book takes a consilience approach to explore decision-making in The New Reality, fully engaging systems and complexity theory, knowledge research, and recent neuroscience findings. It also presents methodologies for decision-makers to tap into their unconscious, accessing tacit knowledge resources and increasingly relying on the sense of knowing that is available to each of us. Almost every day new energies are erupting around the world: new thoughts, new feelings, new knowing, all contributing to new situations that require new decisions and actions from each and every one of us. Indeed, with the rise of the Net Generation and social media, a global consciousness may well be emerging. As individuals and organizations we are realizing that there are larger resources available to us, and that, as complex adaptive systems linked to a flowing fount of knowing, we can bring these resources to bear to achieve our ever-expanding vision of the future. Are we up to the challenge?

Author : Stefan Grundmann
Publisher : Oxford University Press
ISBN 13 : 0192608274
Total Pages : 353 pages
Book Rating : 4.77/5 ( download)

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Download or read book Theories of Choice written by Stefan Grundmann and published by Oxford University Press. This book was released on 2021-01-14 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.