Rational Decision Making
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Rational Decisions In Organisations
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Author : Frédéric Adam
language : en
Publisher: CRC Press
Release Date : 2022-05-30
Rational Decisions In Organisations written by Frédéric Adam and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-30 with Business & Economics categories.
Managers in organisations must make rational decisions. Rational decision making is the opposite of intuitive decision making. It is a strict procedure utilising objective knowledge and logic. It involves identifying the problem to solve, gathering facts, identifying options and outcomes, analysing them, considering all the relationships and selecting the decision. Rational decision making requires support: methods and software tools. The identification of the problem to solve needs methods that would measure and evaluate the current situation. Identification and evaluation of options and analysis of the available possibilities involves analysis and optimisation methods. Incorporating intuition into rational decision making needs adequate methods that would translate ideas or observed behaviours into hard data. Communication, observation and opinions recording is hardly possible today without adequate software. Information and data that form the input, intermediate variables and the output must be stored, managed and made accessible in a user-friendly manner. Rational Decisions in Organisations: Theoretical and Practical Aspects presents selected recent developments in the support of the widely understood rational decision making in organisations, illustrated through case studies. The book shows not only the variety of perspectives involved in decision making, but also the variety of domains where rational decision support systems are needed. The case studies present decision making by medical doctors, students and managers of various universities, IT project teams, construction companies, banks and small and large manufacturing companies. Covering the richness of relationships in which the decisions should and must be taken, the book illustrates how modern organisations operate in chains and networks; they have multiple responsibilities, including social, legal, business and ethical duties. Nowadays, managers in organisations can make transparent decisions and consider a multitude of stakeholders and their diverse features, incorporating diverse criteria, using multiple types and drivers of information and decision-making patterns, and referring to numerous lessons learned. As the book makes clear, the marriage of theoretical ideas with the possibilities offered by technology can make the decisions in organisations more rational and, at the same time, more human.
Rational Decision Making
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Author : Hamid Noorani
language : en
Publisher: Xlibris Corporation
Release Date : 2010-04-16
Rational Decision Making written by Hamid Noorani and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-16 with Business & Economics categories.
RATIONAL DECISION-MAKING For a Brighter FutureFor the Love of the World This book shows youthrough examples and application exerciseshow to make rational decisions that will make you more productive. Based on the modern philosophy of Systems-Thinking, the book presents a well-defined path to living a productive life: making rational choices that will help you meet your long-term goals and fulfill your obligations to others. To assist you, the book provides tools and concepts you can use to set your objectives, identify and weigh the options, and evaluate the expected benefits. And the many thought-provoking, real-life situations will show you how to craft strategic initiativeswhether in individual, group, organizational, or public policy decisions.
Rational Choice In An Uncertain World
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Author : Reid Hastie
language : en
Publisher: SAGE
Release Date : 2010
Rational Choice In An Uncertain World written by Reid Hastie and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Psychology categories.
In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. The Second Edition includes: - more coverage on the role of emotions, happiness, and general well-being in decisions - a summary of the new research on the neuroscience of decision processes - more discussion of the adaptive value of (non-rational heuristics) - expansion of the graphics for decision trees, probability trees, and Venn diagrams.
Rational Decision Making
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Author : Franz Eisenführ
language : en
Publisher:
Release Date : 2010
Rational Decision Making written by Franz Eisenführ and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Education categories.
Simply Rational
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Author : Gerd Gigerenzer
language : en
Publisher: Evolution and Cognition
Release Date : 2015
Simply Rational written by Gerd Gigerenzer and has been published by Evolution and Cognition this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Psychology categories.
Statistical illiteracy can have an enormously negative impact on decision making. This volume of collected papers brings together applied and theoretical research on risks and decision making across the fields of medicine, psychology, and economics. Collectively, the essays demonstrate why the frame in which statistics are communicated is essential for broader understanding and sound decision making, and that understanding risks and uncertainty has wide-reaching implications for daily life. Gerd Gigerenzer provides a lucid review and catalog of concrete instances of heuristics, or rules of thumb, that people and animals rely on to make decisions under uncertainty, explaining why these are very often more rational than probability models. After a critical look at behavioral theories that do not model actual psychological processes, the book concludes with a call for a heuristic revolution that will enable us to understand the ecological rationality of both statistics and heuristics, and bring a dose of sanity to the study of rationality.
Rational Decision Making
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Author : Hamid Noorani
language : en
Publisher:
Release Date : 2010
Rational Decision Making written by Hamid Noorani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Decision making categories.
Rational Choice In An Uncertain World
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Author : Reid Hastie
language : en
Publisher: SAGE
Release Date : 2001-04-13
Rational Choice In An Uncertain World written by Reid Hastie and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-04-13 with Business & Economics categories.
First Edition, Winner of the prestigious William James Award from the American Psychological Association An understanding of the principles of rational decision making can help students improve the quality of their lives. Intended as an introductory textbook, the material in Rational Choice in an Uncertain World is not only of scholarly interest, but practical as well. Created specifically for courses on judgement and decision-making, this book makes research readily accessible to both undergraduate and graduate students. This Second Edition of the award-winning book, Rational Choice in an Uncertain World (1988) by Robyn M. Dawes, is sure to interest and enlighten students at all levels. This new edition features: · New student friendly chapter introductions as well as conclusions and cross-references between chapters. · Award-winning authors are respected professors with over 30 years of experience in the field. · Practical, everyday examples from such areas as finance, medicine, law, and engineering. · Comprehensive and up-to-date information keep this edition abreast of the changing ideas within the discipline · Additional discussion of the descriptive, psychological models of decision making to expand upon the original emphasis on normative, rational, `Expected Utility Theory′ models. Equipped with this knowledge and an understanding of the principles of rational decision making, both undergraduate and graduate students can help improve the quality of their choices and, thus, their life.
The Science Of Decision Making
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Author : ANGELA ELDER
language : en
Publisher: ANGELA ELDER
Release Date : 2023-01-03
The Science Of Decision Making written by ANGELA ELDER and has been published by ANGELA ELDER this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-03 with Business & Economics categories.
"The Science of Decision Making: Rationality in Business" is a captivating exploration of the cognitive processes and psychological factors that influence decision-making in the business world. This insightful book delves into the principles of behavioral economics, neuroscience, and decision theory to uncover the underlying mechanisms behind human choices. From understanding biases and heuristics to applying evidence-based strategies for making sound decisions, each chapter offers practical insights and actionable techniques to help business leaders enhance their decision-making skills. Whether you're faced with complex strategic decisions or day-to-day choices, "The Science of Decision Making" equips you with the knowledge and tools needed to navigate uncertainty, mitigate risks, and optimize outcomes in business contexts. With real-world examples and expert analysis, this book is an indispensable resource for anyone seeking to make more informed and rational decisions in today's fast-paced and competitive business environment.
Artificial Intelligence Techniques For Rational Decision Making
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Author : Tshilidzi Marwala
language : en
Publisher: Springer
Release Date : 2014-10-20
Artificial Intelligence Techniques For Rational Decision Making written by Tshilidzi Marwala and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-20 with Computers categories.
Develops insights into solving complex problems in engineering, biomedical sciences, social science and economics based on artificial intelligence. Some of the problems studied are in interstate conflict, credit scoring, breast cancer diagnosis, condition monitoring, wine testing, image processing and optical character recognition. The author discusses and applies the concept of flexibly-bounded rationality which prescribes that the bounds in Nobel Laureate Herbert Simon’s bounded rationality theory are flexible due to advanced signal processing techniques, Moore’s Law and artificial intelligence. Artificial Intelligence Techniques for Rational Decision Making examines and defines the concepts of causal and correlation machines and applies the transmission theory of causality as a defining factor that distinguishes causality from correlation. It develops the theory of rational counterfactuals which are defined as counterfactuals that are intended to maximize the attainment of a particular goal within the context of a bounded rational decision making process. Furthermore, it studies four methods for dealing with irrelevant information in decision making: Theory of the marginalization of irrelevant information Principal component analysis Independent component analysis Automatic relevance determination method In addition it studies the concept of group decision making and various ways of effecting group decision making within the context of artificial intelligence. Rich in methods of artificial intelligence including rough sets, neural networks, support vector machines, genetic algorithms, particle swarm optimization, simulated annealing, incremental learning and fuzzy networks, this book will be welcomed by researchers and students working in these areas.
Thinking About Acting
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Author : John L. Pollock
language : en
Publisher: Oxford University Press
Release Date : 2006-07-27
Thinking About Acting written by John L. Pollock and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-07-27 with Business & Economics categories.
This work aims to construct a theory of rational decision making for real, resource-bounded, agents. Such decision making must be based on objective probabilities rather than subjective probabilities, and can't be done by choosing single action with maxmimal expected values.
