Decision Theory And Choices A Complexity Approach
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Decision Theory And Choices A Complexity Approach
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Author : Marisa Faggini
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-12-28
Decision Theory And Choices A Complexity Approach written by Marisa Faggini 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 2010-12-28 with Mathematics categories.
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.
Decision Theory And Choices A Complexity Approach
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Author : Marisa Faggini
language : en
Publisher:
Release Date : 2010
Decision Theory And Choices A Complexity Approach written by Marisa Faggini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
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; errors and biases are the natural counterpart of learning and adapting processes. The papers collected in this volume show that economic agents, individual or aggregate, do not conform to standard economic models, highlighting how a different framework - complexity theory - could help to explain and understand the choice and decision process of economic agent.
Successful Decision Making
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Author : Rudolf Grünig
language : en
Publisher: Springer Science & Business Media
Release Date : 2005
Successful Decision Making written by Rudolf Grünig 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 2005 with Business & Economics categories.
Making decisions is certainly the most important task of a manager and it is often a very difficult one. This book offers a decision making procedurenbsp;for solving complex problems step by step. Unlike other texts, the book focuses on problem analysis, on developing solution options and onnbsp;establishing thenbsp;decision making matrix. The book is intended for decision makers in companies, in non-profit organisations and in public administration. It is an approach to helping them tonbsp;solve complex problems successfully. The book is also addressed to students and to participants in executive courses.
Choice
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Author : Richard Harper
language : en
Publisher: John Wiley & Sons
Release Date : 2017-09-05
Choice written by Richard Harper and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-05 with Business & Economics categories.
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.
Decision Economics Complexity Of Decisions And Decisions For Complexity
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Author : Edgardo Bucciarelli
language : en
Publisher: Springer Nature
Release Date : 2020-02-07
Decision Economics Complexity Of Decisions And Decisions For Complexity written by Edgardo Bucciarelli and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-07 with Technology & Engineering categories.
This book is based on the International Conference on Decision Economics (DECON 2019). Highlighting the fact that important decision-making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, psychology, small and international business, management, operations, and production, the book focuses on analytics as an emerging synthesis of sophisticated methodology and large data systems used to guide economic decision-making in an increasingly complex business environment. DECON 2019 was organised by the University of Chieti-Pescara (Italy), the National Chengchi University of Taipei (Taiwan), and the University of Salamanca (Spain), and was held at the Escuela politécnica Superior de Ávila, Spain, from 26th to 28th June, 2019. Sponsored by IEEE Systems Man and Cybernetics Society, Spain Section Chapter, and IEEE Spain Section (Technical Co-Sponsor), IBM, Indra, Viewnext, Global Exchange, AEPIA-and-APPIA, with the funding supporting of the Junta de Castilla y León, Spain (ID: SA267P18-Project co-financed with FEDER funds)
Decision Making For Leaders
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Author : Thomas L. Saaty
language : en
Publisher: RWS Publications
Release Date :
Decision Making For Leaders written by Thomas L. Saaty and has been published by RWS Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
This book is about how to make decisions using the Analytic Hierarchy Process. The basics of the theory are described in a clear, non-technical manner with many examples. It is suitable for business leaders and also is probably the best book for introducing the AHP to students at the college and graduate level. In this fifth printing of the book the reader will find a new appendix containing real-life applications that validate the use of the fundamental scale of the AHP.
Complex Strategic Choices
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Author : Steen Leleur
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-02-06
Complex Strategic Choices written by Steen Leleur 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 2012-02-06 with Technology & Engineering categories.
Effective decision making requires a clear methodology, particularly in complex, globally relevant situations. Institutions and companies in all disciplines and sectors are faced with increasingly multi-faceted areas of uncertainty which cannot always be effectively handled by traditional strategies. Complex Strategic Choices provides clear principles and methods which can guide and support strategic decision to face modern challenges. By considering ways in which planning practices can be renewed and exploring the possibilities for acquiring awareness and tools to add value to strategic decision making, Complex Strategic Choices presents a methodology which is further illustrated by a number of case studies and example applications. Dr. Techn. Steen Leleur has adapted previously established research based on feedback and input from various conferences, journals and students resulting in new material stemming from and focusing on practical application of systemic planning. The outcome is a coherent and flexible approach named systemic planning. The inclusion of both the theoretical and practical aspects of systemic planning makes this book a key resource for researchers and students in the field of planning and decision analysis as well as practitioners dealing with strategic analysis and decision making. More broadly, Complex Strategic Choices acts as guide for professionals and students involved in complex planning tasks across several fields such as business and engineering.
Smart Economic Decision Making In A Complex World
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Author : Morris Altman
language : en
Publisher: Academic Press
Release Date : 2020-05-26
Smart Economic Decision Making In A Complex World written by Morris Altman and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-26 with Business & Economics categories.
Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality.
Big Data Quantification For Complex Decision Making
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Author : Zhang, Chao
language : en
Publisher: IGI Global
Release Date : 2024-04-16
Big Data Quantification For Complex Decision Making written by Zhang, Chao and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-16 with Business & Economics categories.
Many professionals are facing a monumental challenge: navigating the intricate landscape of information to make impactful choices. The sheer volume and complexity of big data have ushered in a shift, demanding innovative methodologies and frameworks. Big Data Quantification for Complex Decision-Making tackles this challenge head-on, offering a comprehensive exploration of the tools necessary to distill valuable insights from datasets. This book serves as a tool for professionals, researchers, and students, empowering them to not only comprehend the significance of big data in decision-making but also to translate this understanding into real-world decision making. The central objective of the book is to examine the relationship between big data and decision-making. It strives to address multiple objectives, including understanding the intricacies of big data in decision-making, navigating methodological nuances, managing uncertainty adeptly, and bridging theoretical foundations with real-world applications. The book's core aspiration is to provide readers with a comprehensive toolbox, seamlessly integrating theoretical frameworks, practical applications, and forward-thinking perspectives. This equips readers with the means to effectively navigate the data-rich landscape of modern decision-making, fostering a heightened comprehension of strategic big data utilization. Tailored for a diverse audience, this book caters to researchers and academics in data science, decision science, machine learning, artificial intelligence, and related domains.
Making Complex Decisions Toward Revamping Supply Chains Amid Covid 19 Outbreak
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Author : Dinesh Kumar
language : en
Publisher: CRC Press
Release Date : 2022-04-21
Making Complex Decisions Toward Revamping Supply Chains Amid Covid 19 Outbreak written by Dinesh Kumar and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-21 with Technology & Engineering categories.
The COVID-19 pandemic has disrupted supply chains, hence corporations must devise and realign their policies and strategies accordingly to stay competitive in this dynamic situation. This book provides tools to cope with such a scenario and to make appropriate decisions to come out unscathed. Making Complex Decisions toward Revamping Supply Chains amid COVID-19 Outbreak presents the tools and technologies needed to revamp supply chains challenged by the COVID-19 pandemic. The book presents case studies along with historical perspectives for guidance. It explores the supply chain post-COVID-19, discusses the future scenarios of new and emerging supply chains, and describes various multi-criteria decision-making (MCDM) tools used to make complex decisions so companies can stay ahead. The book also offers domain experts’ opinions and views to help organizations formulate real-time strategies. This book is written for researchers, professionals, and undergraduate and postgraduate students to provide an evidence-based cause, effect, and solution after the COVID-19 disaster.