Experimental Studies Of Interactive Decisions

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Experimental Studies Of Interactive Decisions
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Author : Amnon Rapoport
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Experimental Studies Of Interactive Decisions written by Amnon Rapoport 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.
This book is about the interplay of theory and experimentation on group decision making in economics. The theories that the book subjects to experimental testing mostly come from the theory of games. The decisions investigated in the book mostly concern economic interaction like strict competition. two-person bargaining. and coalition formation. The underlying philosophy of the articles collected in this book is consistent with the opinion of a growing number of economists and psychologists that economic issues cannot be understood fully just by thinking about them. Rather. the interplay between theory and experimentation is critical for the development of economics as an observational science (Smith. 1989). Reports of laboratory experiments in decision making and economics date back more than thirty years (e.g .• Allais. 1953; Davidson. Suppes. and Siegel. 1957; Flood. 1958; Friedman. 1%3; Kalisch. Milnor. Nash. and Nering. 1954; Lieberman. 1%0; Mosteller and Nogee. 1951; Rapoport. Chammah. Dwyer. and Gyr. I %2; Siegel and Fouraker. I %0; Stone. 1958). However. only in the last ten or fifteen years has laboratory experimentation in economics started its steady transformation from an occasional curiosity into a regular means for investigating various economic phenomena and examining the role of economic institutions. Groups of researchers in the USA and abroad have used experimental methods with increasing sophistication to attack economic problems that arise in individual decision making under risk. two-person bargaining.
Interactive Decision Aids In E Commerce
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Author : Jella Pfeiffer
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-12-23
Interactive Decision Aids In E Commerce written by Jella Pfeiffer 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 2011-12-23 with Computers categories.
This book gives recommendations on which interactive decision aids to offer in webstores. Interactive decision aids are tools that help online shoppers to compare and evaluate product information. Consumers can, for instance, exclude products that do not meet certain criteria, they can highlight certain information or they can assign ratings of different kinds. Interactive decision aids are important, because finding the preferred product in a short amount of time increases both the customers’ satisfaction and, in turn, the sales volume.This book includes a detailed description of decision aids, closely studies how decision aids are related to the decision behavior of customers, and develops a comprehensive system of decision aids, which is very flexible, increases both customer satisfaction and confidence, and can be used intuitively. The close link between typical behaviors and the decision aids allows webstores to learn about customers’ decision-making behavior by using a simple click stream analysis. The book is written in an easy-to-read style and provides both practical recommendations and knowledge about consumer behavior
Methodology And Software For Interactive Decision Support
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Author : Andrzej Lewandowski
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Methodology And Software For Interactive Decision Support written by Andrzej Lewandowski 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 2013-06-29 with Business & Economics categories.
These Proceedings report the scientific results of an International Workshop on Methodology and Software for Interactive Decision Support organized jointly by the System and Decision Sciences Program of the International Institute for Applied Sys tems Analysis (nASA, located in Laxenburg, Austria) and The National Committee for Applied Systems Analysis and Management in Bulgaria. Several other Bulgarian institutions sponsored the Workshop - The Committee for Science to the Council of Ministers, The State Committee for Research and Technology and The Bulgarian In dustrial Association. The workshop was held in Albena, on the Black Sea coast. More than 80 scientists from 15 countries attended the workshop; 50 lectures were presented and 17 computer demonstration sessions took place. This Workshop is one of a series of meetings organized by nASA with the collaboration of scientific institutions from the National Member Organization countries. The previous meetings took place in Austria (1983), Hungary (1984) and the German Democratic Republic (1985). All proceedings of these meetings have been published by Springer Verlag in the series Lecture Notes in Economics and Mathematical Systems.
Strategic Decisions In Directed Networks
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Author : Amnon Rapoport
language : en
Publisher: Cambridge Scholars Publishing
Release Date : 2022-03-09
Strategic Decisions In Directed Networks written by Amnon Rapoport and has been published by Cambridge Scholars Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-09 with Business & Economics categories.
This book collects and integrates the results of an extensive research program conducted by the authors over the past two decades. It spans the disciplines of transportation science, operations management, and behavioral economics, and consists of 16 chapters previously published in peer-reviewed academic journals and grouped under three topical sections: queueing, route choice, and departure time. The book focuses on strategic interactions in directed networks and laboratory experiments carefully designed to test the descriptive validity of the underlying theoretical models. The research question that unifies the chapters is: do the conclusions of theoretical literature account for the decisions of network users in controlled laboratory experiments? With several major qualifications, this book answers this question affirmatively.
Decision Making Groups And Teams
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Author : Steven Silver
language : en
Publisher: Routledge
Release Date : 2013-11-12
Decision Making Groups And Teams written by Steven Silver and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-12 with Business & Economics categories.
In recent years, there has been increasing implementation of group and team decision-making within organizations, much of it managed electronically, between members of what are "virtual" groups or teams. Recent research into effective team implementation emphasizes "trust" as an intermediary process, and trust must be a part of any account of team decision-making. This book provides an integrated framework that represents process in decision-making by interactive groups and teams. This framework furthers both our understanding of process and our capabilities in implementation, based on an account of group decision-making that differentiates the information types contributing to decision quality and relates them to process in interactive groups and teams. Author Steve Silver emphasizes the social structure that is inherent in the interaction of decision-makers as group or team members and effects on the information they exchange.
Teachers Thought Processes
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Author : Christopher M. Clark
language : en
Publisher:
Release Date : 1984
Teachers Thought Processes written by Christopher M. Clark and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Educational psychology categories.
Small Group Research
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Author : Herbert Blumberg
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-10-05
Small Group Research written by Herbert Blumberg 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 2011-10-05 with Psychology categories.
Small group research is of particularly wide interest to people working in a fairly broad variety of areas concerned with understanding conflict, especially for practitioners and researchers concerned with conflict resolution, peace, and related areas. The editors will focus on six main topical areas of small group research, which include: - Cooperation, competition, and conflict resolution - Coalitions, bargaining, and games - Group dynamics and social cognition - The group and organization - Team performance - Intergroup relations
Verbal Decision Analysis For Unstructured Problems
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Author : Oleg I. Larichev
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-11-11
Verbal Decision Analysis For Unstructured Problems written by Oleg I. Larichev 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 2013-11-11 with Business & Economics categories.
A central problem of prescriptive decision making is the mismatch between the elegant formal models of decision theory and the less elegant, informal thinking of decision makers, especially when dealing with ill-structured situations. This problem has been a central concern of the authors and their colleagues over the past two decades. They have wisely (to my mind) realized that any viable solution must be informed by a deep understanding of both the structural properties of alternative formalisms and the cognitive demands that they impose on decision makers. Considering the two in parallel reduces the risk of forcing decision makers to say things and endorse models that they do not really understand. It opens the door for creative solutions, incorporating insights from both decision theory and cognitive psychology. It is this opportunity that the authors have so ably exploited in this important book. Under the pressures of an interview situation, people will often answer a question that is put to them. Thus, they may be willing to provide a decision consultant with probability and utility assessments for all manner of things. However, if they do not fully understand the implications of what they are saying and the use to which it will be put, then they cannot maintain cognitive mastery of the decision models intended to represent their beliefs and interests.
Epistemic Logic And The Theory Of Games And Decisions
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Author : M. Bacharach
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Epistemic Logic And The Theory Of Games And Decisions written by M. Bacharach 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.
The convergence of game theory and epistemic logic has been in progress for two decades and this book explores this further by gathering specialists from different professional communities, i.e., economics, mathematics, philosophy, and computer science. This volume considers the issues of knowledge, belief and strategic interaction, with each contribution evaluating the foundational issues. In particular, emphasis is placed on epistemic logic and the representative topics of backward induction arguments and syntax/semantics and the logical omniscience problem. Part I of this collection deals with iterated knowledge in the multi-agent context, and more particularly with common knowledge. The first two papers in Part II of the collection address the so-called logical omniscience problem, a problem which has attracted much attention in the recent epistemic logic literature, and is pertinent to some of the issues discussed by decision theorists under the heading 'bounded rationality'. The remaining two chapters of section II provide two quite different angles on the strength of S5 (or the partitional model of information)- and so two different reasons for eschewing the strong form of logical omniscience implicit in S5. Part III gives attention to application to game theory and decision theory.
Portfolio Decision Analysis
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Author : Ahti Salo
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-08-12
Portfolio Decision Analysis written by Ahti Salo 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 2011-08-12 with Business & Economics categories.
Portfolio Decision Analysis: Improved Methods for Resource Allocation provides an extensive, up-to-date coverage of decision analytic methods which help firms and public organizations allocate resources to 'lumpy' investment opportunities while explicitly recognizing relevant financial and non-financial evaluation criteria and the presence of alternative investment opportunities. In particular, it discusses the evolution of these methods, presents new methodological advances and illustrates their use across several application domains. The book offers a many-faceted treatment of portfolio decision analysis (PDA). Among other things, it (i) synthesizes the state-of-play in PDA, (ii) describes novel methodologies, (iii) fosters the deployment of these methodologies, and (iv) contributes to the strengthening of research on PDA. Portfolio problems are widely regarded as the single most important application context of decision analysis, and, with its extensive and unique coverage of these problems, this book is a much-needed addition to the literature. The book also presents innovative treatments of new methodological approaches and their uses in applications. The intended audience consists of practitioners and researchers who wish to gain a good understanding of portfolio decision analysis and insights into how PDA methods can be leveraged in different application contexts. The book can also be employed in courses at the post-graduate level.