Decision Making And Imperfection
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Decision Making And Imperfection
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Author : Tatiana V Guy
language : en
Publisher: Springer
Release Date : 2013-02-01
Decision Making And Imperfection written by Tatiana V Guy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-01 with Technology & Engineering categories.
Decision making (DM) is ubiquitous in both natural and artificial systems. The decisions made often differ from those recommended by the axiomatically well-grounded normative Bayesian decision theory, in a large part due to limited cognitive and computational resources of decision makers (either artificial units or humans). This state of a airs is often described by saying that decision makers are imperfect and exhibit bounded rationality. The neglected influence of emotional state and personality traits is an additional reason why normative theory fails to model human DM process. The book is a joint effort of the top researchers from different disciplines to identify sources of imperfection and ways how to decrease discrepancies between the prescriptive theory and real-life DM. The contributions consider: · how a crowd of imperfect decision makers outperforms experts' decisions; · how to decrease decision makers' imperfection by reducing knowledge available; · how to decrease imperfection via automated elicitation of DM preferences; · a human's limited willingness to master the available decision-support tools as an additional source of imperfection; · how the decision maker's emotional state influences the rationality; a DM support of edutainment robot based on its system of values and respecting emotions. The book will appeal to anyone interested in the challenging topic of DM theory and its applications.
Decision Making With Imperfect Decision Makers
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Author : Tatiana Valentine Guy
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-11-13
Decision Making With Imperfect Decision Makers written by Tatiana Valentine Guy and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-13 with Technology & Engineering categories.
Prescriptive Bayesian decision making has reached a high level of maturity and is well-supported algorithmically. However, experimental data shows that real decision makers choose such Bayes-optimal decisions surprisingly infrequently, often making decisions that are badly sub-optimal. So prevalent is such imperfect decision-making that it should be accepted as an inherent feature of real decision makers living within interacting societies. To date such societies have been investigated from an economic and gametheoretic perspective, and even to a degree from a physics perspective. However, little research has been done from the perspective of computer science and associated disciplines like machine learning, information theory and neuroscience. This book is a major contribution to such research. Some of the particular topics addressed include: How should we formalise rational decision making of a single imperfect decision maker? Does the answer change for a system of imperfect decision makers? Can we extend existing prescriptive theories for perfect decision makers to make them useful for imperfect ones? How can we exploit the relation of these problems to the control under varying and uncertain resources constraints as well as to the problem of the computational decision making? What can we learn from natural, engineered, and social systems to help us address these issues?
Decision Making Uncertainty Imperfection Deliberation And Scalability
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Author : Tatiana V. Guy
language : en
Publisher: Springer
Release Date : 2015-02-09
Decision Making Uncertainty Imperfection Deliberation And Scalability written by Tatiana V. Guy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-09 with Technology & Engineering categories.
This volume focuses on uncovering the fundamental forces underlying dynamic decision making among multiple interacting, imperfect and selfish decision makers. The chapters are written by leading experts from different disciplines, all considering the many sources of imperfection in decision making, and always with an eye to decreasing the myriad discrepancies between theory and real world human decision making. Topics addressed include uncertainty, deliberation cost and the complexity arising from the inherent large computational scale of decision making in these systems. In particular, analyses and experiments are presented which concern: • task allocation to maximize “the wisdom of the crowd”; • design of a society of “edutainment” robots who account for one anothers’ emotional states; • recognizing and counteracting seemingly non-rational human decision making; • coping with extreme scale when learning causality in networks; • efficiently incorporating expert knowledge in personalized medicine; • the effects of personality on risky decision making. The volume is a valuable source for researchers, graduate students and practitioners in machine learning, stochastic control, robotics, and economics, among other fields.
The Economics Of Imperfect Markets
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Author : Giorgio Calcagnini
language : en
Publisher: Physica
Release Date : 2010-05-03
The Economics Of Imperfect Markets written by Giorgio Calcagnini and has been published by Physica this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-03 with Business & Economics categories.
Decision Theory With Imperfect Information
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Author : Aliev Rafig Aziz
language : en
Publisher: World Scientific
Release Date : 2014-08-08
Decision Theory With Imperfect Information written by Aliev Rafig Aziz and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-08 with Mathematics categories.
Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.
Unprogrammed Decision Making Classic Reprint
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Author : Peer Soelberg
language : en
Publisher:
Release Date : 2016-10-01
Unprogrammed Decision Making Classic Reprint written by Peer Soelberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-01 with Psychology categories.
Imperfections And Behavior In Economic Organizations
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Author : Robert P. Gilles
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Imperfections And Behavior In Economic Organizations written by Robert P. Gilles and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Imperfections and Behavior in Economic Organizations analyzes the organization of economic decision making in a contemporary setting. The contributors focus on two important aspects of this analysis. First, they address the issue of imperfect or incomplete information and communication in economic organizations and consider imperfections arising from the interaction of the market organization with its environment. Second, the issue of cooperation in a competitive environment is thoroughly analyzed and alternative social trade organizations are designed to dissipate the allocation problems that arise in these situations.
Executive Decision Making In Organizations
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Author : George F. Farris
language : en
Publisher: Forgotten Books
Release Date : 2016-09-29
Executive Decision Making In Organizations written by George F. Farris and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-29 with Social Science categories.
Excerpt from Executive Decision Making in Organizations: Identifying the Key Men and Managing the Process Executive decision making in organizations-the making of decisions which have consequences for subsequent organizational activities-is seldom done by individual members of the organization acting alone. People work together in project teams or task forces, coordinate their efforts with broader purposes of the organization, and exchange stimulation and support with their colleagues. Despite the obvious importance of such interactions between people in organizations in making executive decisions, they have received Surprisingly little direct study. Many authors refer to the existence of the informal organization and stress its importance, but aside from some interesting case studies, they offer little in the way of systematic statements as to how it works. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Theories Of Decision Making
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Author : Deborah Lines Andersen
language : en
Publisher:
Release Date : 2015-08-05
Theories Of Decision Making written by Deborah Lines Andersen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-05 with Business & Economics categories.
Excerpt from Theories of Decision Making: An Annotated Bibliography Much literature has been written on the subject of decision making. At various times bibliographers have sought to collect this information in a usable form. In 1958 Paul Wasserman and Fred S. Silander published an annotated bibliography on decision making. They felt that "in spite of an increasing rate of publication on the topic, the scientific study of decision-making appears to be at an early stage of development. The literature's sum total is to be found in a widely scattered group of writings which cut across all the areas of social and scientific inquiry," Their bibliography is divided into eight sections which deal with various factors in decision making and with the types of groups who make decisions. In 1959 William J. Gore and Fred S. Silander published "A Bibliographic Essay on Decision Making." Gore and Silander saw decision making as a fractured and conceptually incomplete body of literature, "a kind of conceptual wonderland full of magnificently intricate and promising devices but without any central or organizing concept." They set about to apply an organizing principle to the literature of decision making, dividing it into the behavioristic or organismic thread and the rationalistic thread. The organismic thread was subdivided into three additional areas. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Making Peace With Imperfection
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Author : Elliot D. Cohen
language : en
Publisher: New Harbinger Publications
Release Date : 2019-06-01
Making Peace With Imperfection written by Elliot D. Cohen and has been published by New Harbinger Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-01 with Self-Help categories.
Demanding perfection in everything you do can create a life of stress, worry, and overload. With this essential self-help guide, you’ll learn to escape the perfectionism trap and cultivate unconditional self-acceptance in an imperfect world. Are you a perfectionist? Do you wear this title like a badge of honor, even though it creates needless stress in your life? Ironically, the stress you create by demanding perfection from yourself and others can actually make it harder to achieve your goals in the long run. It can also alienate you from friends, family, and coworkers. So, how can you escape the perfectionism trap and start living a life of self-compassion? In this informative and practical resource, author Elliot Cohen reveals the eleven types of perfectionism, and gives you the tools and skills you need to move past this distressing mind set before it leads to chronic stress, anxiety, anger, or even depression. Using strategies grounded in evidence-based rational emotive behavior therapy (REBT), you’ll discover how your perfectionism is actually a result of irrational beliefs, learn to challenge these beliefs, and replace negative thoughts with compassionate ones. Being a perfectionist can affect virtually every decision you make, and every action you take—leading to a life of perpetual stress. This book can help you put a stop to the absolutist thinking behind your perfectionism and take steps toward a calmer, more balanced way of being.