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Rational Decision Making

Rational Decision Making as Performative Praxis: Explaining Rationality's Éternel Retour

Rational Decision Making as Performative Praxis: Explaining Rationality's Éternel Retour

... for rational decision-making (Savage 1954; von Neumann and Morgenstern ...studied decision-making by moving away from this theory of choice, usually called rational choice ...too ...

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Behavioral biases and rational decision making process: structural equation modeling approach, Moroccan stock market

Behavioral biases and rational decision making process: structural equation modeling approach, Moroccan stock market

... The multiplicity of anomalies in the financial markets, the bursting of speculative bubbles and the volatility of transactions remain a major challenge for the proponents of the theory of financial market efficiency. The ...

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Rational Decision-Making Process Choosing Fairness Over Monetary Gain as Decision Criteria

Rational Decision-Making Process Choosing Fairness Over Monetary Gain as Decision Criteria

... the decision-making process, because it is often assumed that the decision to accept or reject an offer is determined by the monetary gain, which sometimes competes (or conflicts) with the desire for ...

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Behavioural Antecedents Complementing Classical Financial Models for Rational Decision Making

Behavioural Antecedents Complementing Classical Financial Models for Rational Decision Making

... investment decision questioning the reliability and authenticity of traditional financial theories in investment decision in situations of risk and uncertainty (Zahera and Bansal, ...informed ...

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Essays on Boundedly Rational Decision-making: Theory, Applications, and Experiments

Essays on Boundedly Rational Decision-making: Theory, Applications, and Experiments

... The goal of the heuristics-and-biases program heuristics is to provide evidence that supports the hypothesis that individuals’ lack of rationality leads them to behave in way that is not consistent with the laws of logic ...

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An Inuit Based Policy Development Process

An Inuit Based Policy Development Process

... evident between Inuit and other Indigenous peoples and non-Aboriginal Canadians. Using the data from Table 1, 0.096% of Inuit ages 18-44 completed a high school diploma, compared to 3.461% of Aboriginal people and ...

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The Roles of Decentralization of the Decision Making Process between Contextual Factors and Decision Process Output

The Roles of Decentralization of the Decision Making Process between Contextual Factors and Decision Process Output

... strategic decision-making process has been considered by several ...strategic decision-making process and performance in unstable environment and positive relationship in stable ...use ...

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On Keynes's Z function

On Keynes's Z function

... I daresay that ω is the completeness of information available, rather in the case of ω = 1 there is a direct knowledge of an object and thus it is known directly by acquaintance, hence it is certain. It is the case of ...

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Development and validation of a managerial decision making self-efficacy questionnaire

Development and validation of a managerial decision making self-efficacy questionnaire

... individual decision-making, managers make decisions as an agent for their ...individual decision makers since they rely on social encounters to gather and analyse relevant information for ...

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Simulation Models of Human Decision-Making Processes

Simulation Models of Human Decision-Making Processes

... of Rational Decision-Making Model as a process of performing a certain number of stages of logical analysis of the problem by decomposing the original problem into simpler components and gradual ...

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The Effect of Teaching Critical Thinking Skills on the Decision Making Style of Nursing Managers

The Effect of Teaching Critical Thinking Skills on the Decision Making Style of Nursing Managers

... This study is a quasi-experimental intervention. The main hypothesis of the research was that teaching critical thinking skills increases the use of rational decision-making style by nurse managers. ...

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Eco sensitive management : transitions towards, and the style of, eco sensitive management of business organisations

Eco sensitive management : transitions towards, and the style of, eco sensitive management of business organisations

... Assuming stable growth, relatively stable organisation environments and a cultural context which legitimates use of rational decision making and bureaucracy, the model described predomin[r] ...

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Decision Making Styles among Professor in Central University of Bihar - an Empirical Study of Predictors

Decision Making Styles among Professor in Central University of Bihar - an Empirical Study of Predictors

... Abstract: Decision making is one of the most important elements in the functioning of an ...a decision about which one to select. A well-crafted decision can help the organisation move in the ...

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Agent Based Trust and Reputation in the Context of Inaccurate Information Sources

Agent Based Trust and Reputation in the Context of Inaccurate Information Sources

... The presence of probability in the definition of expected utility means that decision theory in the face of uncertainty enters the realm of statistics. That is, to determine the expected utility of an action, we ...

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Mode(l)s of Decision-Making in the Council of the European Union

Mode(l)s of Decision-Making in the Council of the European Union

... of rational actors in a pattern of generalized ...consensual decision- making does not pose problems for formal models as Heisenberg (2005: 79) is ...for rational choice models. In fact there ...

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Intuition and emotion: examining two non-rational approaches in complex decision making

Intuition and emotion: examining two non-rational approaches in complex decision making

... a rational act if such belief about the probability of future outcomes and the value of future outcomes had been accurate; however, it was ...a rational driver of escalation is in reality ...

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The interplay of customer experience and commitment

The interplay of customer experience and commitment

... Unless indicated otherwise, fulltext items are protected by copyright with all rights reserved. The copyright exception in section 29 of the Copyright, Designs and Patents Act 1988 allows the making of a single ...

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A Progressively Interactive MCDM Method for Portfolio Optimization Problem

A Progressively Interactive MCDM Method for Portfolio Optimization Problem

... Existing preference models in MCDMs can usually be divided into three categories: preference models based on scalar functions, preference models based on utility functions [6], and neural network-based preference models. ...

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Does Offshore Operation Brings Competitive Advantage over the Onshore  Business Processes

Does Offshore Operation Brings Competitive Advantage over the Onshore Business Processes

... are making higher level of the profit and satis- fying their shareholders with greater portions of the divi- dends which simultaneously create competitive advantage for the company in terms of cost ...

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School Psychologists' Perceived and Ideal Role in Grade Retention Decisions

School Psychologists' Perceived and Ideal Role in Grade Retention Decisions

... In addition, decision making team There decision making involved in the decision making psychologists roles making process, only half reported that they with retention as an appropriate [r] ...

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