A Method for Measuring Decision Assumptions

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Author :
Publisher : MIT Press (MA)
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis A Method for Measuring Decision Assumptions by : Jarrod W. Wilcox

Download or read book A Method for Measuring Decision Assumptions written by Jarrod W. Wilcox and published by MIT Press (MA). This book was released on 1972 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research reported here deals with finding why people make some choices rather than others, why different people make different decisions in objectively similar situations. The book requires that its reader have some basic knowledge of statistical methods, and, since, it cuts across normally separate fields, it requires an adventuresome spirit. But, in return, the reader may expect to gain the use of a powerful tool that can be applied in his own practical projects and social science research.The message is on two levels. On one, the work is a practical handbook for application. On the other, it discusses some fundamental issues in the theory of decision-making and the social sciences.The book presents an application method for measuring assumptions realistic enough for use in management context. In a test-case study, the author uncovered startling diversity in the attributes investors use in picking stocks. More generally, such measures of assumptions are useful in managerial planning and control to aid in decision-making consistence, in learning to revise decision assumptions, and in designing information systems to support decision-making. They are also useful in improving joint decision-making and communication. Still other important applications are possible in consumer market research and in operations research modeling of decision processes. These applications are described with suggestive examples.To the management scientist the author seeks to show the benefits of extending explicitness beyond the traditional bounds of information systems into the realm of subjective decision assumptions. That is, subjective assumptions made explicit in a practical manner are employed as useful inputs to managerial information systems.Such measurement methods as reported here may also have widespread use in building social theory. Individual decision assumptions are key variables in microeconomics, in political science, in organization theory, and in the sociology of knowledge. Their measures play an analogous role in social science to that of thermometers in the development of thermodynamics.The material is developed as follows: First, the problem of discovering the assumptions which underlie decisions is sketched broadly. Alternative possible measurement approaches and theories are then described in logical order. An outline of the method for measuring assumptions is followed by the account of its use in a case study of stock market participants. It is this narrative that provides a practical handbook for the reader's use. A number of prototype applications are shown in some detail. The final chapters propose uses of the method for research in the social sciences and in accounting and the financial markets.

Utility Theories: Measurements and Applications

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Publisher : Springer Science & Business Media
ISBN 13 : 9401129525
Total Pages : 304 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Utility Theories: Measurements and Applications by : Ward Edwards

Download or read book Utility Theories: Measurements and Applications written by Ward Edwards and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June II to 15, 1989. The all-star cast of attendees are listed as authors in the Table of Contents of this book (see p. V), except for Soo Hong Chew and Amos Tversky. The purpose of the conference, and of National Science Foundation Grant No. SES-8823012 that supported it, was to confront proponents of new generalized theories of utility with leading decision analysts com mitted to the implementation, in practice, of the more traditional theory that these new theories reject. That traditional model is variously iden tified in this book as expected utility or subjectively expected utility maximization (EU or SEU for short) and variously attributed to von Neumann and Morgenstern or Savage. I had feared that the conference might consist of an acrimonious debate between Olympian normative theorists uninterested in what people actually do and behavioral modelers obsessed with the cognitive illusions and uninterested in helping people to make wise decisions. I was entirely wrong. The conferees, in two dramatic straw votes at the open ing session, unanimously endorsed traditional SEU as the appropriate normative model and unanimously agreed that people don't act as that model requires. (These votes had a profound impact on my thinking; detail about them and about that impact is located in Chapter 10.

Handbook of Transportation Science

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Publisher : Springer Science & Business Media
ISBN 13 : 1461552036
Total Pages : 534 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Handbook of Transportation Science by : Randolph Hall

Download or read book Handbook of Transportation Science written by Randolph Hall and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past thirty-five years, a tremendous body of both theoretical and empirical research has been established on the `science of transportation'. The Handbook of Transportation Science has collected and synthesized this research into a systematic treatment of this field covering its fundamental concepts, methods, and principles. The purpose of this handbook is to define transportation as a scientific discipline that transcends transportation technology and methods. Whether by car, truck, airplane - or by a mode of transportation that has not yet been conceived - transportation obeys fundamental properties. The science of transportation defines these properties, and demonstrates how our knowledge of one mode of transportation can be used to explain the behavior of another. Transportation scientists are motivated by the desire to explain spatial interactions that result in movement of people or objects from place to place. Its methodologies draw from physics, operations research, probability and control theory. It is fundamentally a quantitative discipline, relying on mathematical models and optimization algorithms to explain the phenomena of transportation. The fourteen chapters in the handbook are written by the leading researchers in transportation science in an effort to define and categorize for the first time the scientific nature and state of the art of the field. As such, it is directed to the broader research community, transportation practitioners, and future transportation scientists.

Encyclopedia of Medical Decision Making

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Publisher : SAGE
ISBN 13 : 1412953723
Total Pages : 1281 pages
Book Rating : 4.4/5 (129 download)

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Book Synopsis Encyclopedia of Medical Decision Making by : Michael W. Kattan

Download or read book Encyclopedia of Medical Decision Making written by Michael W. Kattan and published by SAGE. This book was released on 2009-08-18 with total page 1281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia of Medical Decision Making presents state-of-the-art research and ready-to-use facts sorting out findings on medical decision making and their applications.

Routledge Dictionary of Economics

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Publisher : Routledge
ISBN 13 : 1134805942
Total Pages : 726 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Routledge Dictionary of Economics by : Donald Rutherford

Download or read book Routledge Dictionary of Economics written by Donald Rutherford and published by Routledge. This book was released on 2003-09-02 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compiled to meet the needs of students and professionals in economics, finance, accountancy and business, this wide-ranging, international Dictionary is for everyone who wants an up-to-date resource to the world of economics. Key Features over 4200 comprehensive A to Z entries, from after-hours to z-score, provide clear, definitive explanations of the key terms, issues, theories and concepts in economics today - as well as describing the contributions of key figures in the field each entry is headed by a short definition for quick reference, and where relevant, followed by an annotated bibliography to lead the reader to further sources cross-referenced for ease of access the full range of subjects is covered, from classical economics and the study of value and growth, to contemporary concerns such as European Union and Green conditionality detailed coverage of vital econometric terms and statistics including entries such as eigenprices and M0 includes specialised commercial and financial jargon illustrated with 94 line diagrams unique subject index for ease of access

Measuring Risk Aversion

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Publisher : Now Publishers Inc
ISBN 13 : 193301945X
Total Pages : 112 pages
Book Rating : 4.9/5 (33 download)

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Book Synopsis Measuring Risk Aversion by : Donald J. Meyer

Download or read book Measuring Risk Aversion written by Donald J. Meyer and published by Now Publishers Inc. This book was released on 2006 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a detailed discussion of the adjustment of risk references and how to go about making such adjustments to a common scale. By adjusting all information to this common scale, results across studies can be easily summarized and compared, and the body of information concerning risk aversion can be examined as a whole

Applied Choice Analysis

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Publisher : Cambridge University Press
ISBN 13 : 1107092647
Total Pages : 1219 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Applied Choice Analysis by : David A. Hensher

Download or read book Applied Choice Analysis written by David A. Hensher and published by Cambridge University Press. This book was released on 2015-06-11 with total page 1219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fully updated second edition of this popular introduction to applied choice analysis, written for graduate students, researchers, professionals and consultants.

Managing the Future

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Publisher : John Wiley & Sons
ISBN 13 : 1405142391
Total Pages : 240 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Managing the Future by : Haridimos Tsoukas

Download or read book Managing the Future written by Haridimos Tsoukas and published by John Wiley & Sons. This book was released on 2009-02-09 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, leading authors explore ways in which organizationscan develop their ability to manage the future. An exploration of the ways in which organizations can developtheir ability to manage the future. Consists of ten papers written by authors from both sides ofthe Atlantic and from Asia, all of whom are distinguished scholarsin the fields of strategy or organizational learning. Addresses key questions about how organizational foresight canbe conceptualized and developed, and the extent to which it ispossible. The papers are prefaced by a foreword from Spyros Makridakisand an introduction from the editors. Helps to shape a new research agenda, and so will be ofinterest to academics, as well as to students andpractitioners.

Modeling Individual Differences in Perceptual Decision Making

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Publisher : Frontiers Media SA
ISBN 13 : 2889450562
Total Pages : 142 pages
Book Rating : 4.8/5 (894 download)

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Book Synopsis Modeling Individual Differences in Perceptual Decision Making by : Joseph W. Houpt

Download or read book Modeling Individual Differences in Perceptual Decision Making written by Joseph W. Houpt and published by Frontiers Media SA. This book was released on 2017-01-18 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: To deal with the abundant amount of information in the environment in order to achieve our goals, human beings adopt a strategy to accumulate some information and filter out other information to ultimately make decisions. Since the development of cognitive science in the 1960s, researchers have been interested in understanding how human beings process and accumulate information for decision-making. Researchers have conducted extensive behavioral studies and applied a wide range of modeling tools to study human behavior in simple-detection tasks and two-choice decision tasks (e.g., discrimination, classification). In general, researchers often assume that the manner in which information is processed for decision-making is invariant across individuals given a particular experimental context. Independent variables, including speed-accuracy instructions, stimulus properties (i.e., intensity), and characteristics of the participants (i.e., aging, cognitive ability) are assumed to affect the parameters in a model (i.e., speed of information accumulation, response bias) but not the way that participants process information (e.g., the order of information processing). Given these assumptions, much modeling has been accomplished based on the grouped data, rather than the individual data. However, a growing number of studies have demonstrated that there were individual differences in the perceptual decision process. In the same task context, different groups of the participants may process information in different manners. The capacity and architecture of the decision mechanism were found to vary across individuals, implying that humans’ decision strategies can vary depending on the context to maximize their performance. In this special issue, we focused on a particular subset of cognitive models, particularly accumulator models, multinomial processing trees and systems factorial technology (SFT) as applied to perceptual decision making. The motivation for the focus on perceptual decision-making is threefold. Empirical studies of perception have grown out of a history of making a large number of observations for each individual so as to achieve precise estimates of each individual’s performance. This type of data, rather than a small number of observations per individual, is most amenable to achieving precision in individual-level and group-level cognitive modeling. Second, the interaction between the acquisition of perceptual information and the decisions based on that information (to the extent that those processes are distinguishable) offers rich data for scientific exploration. Finally, there is an increasing interest in the practical application of individual variation in perceptual ability, whether to inform perceptual training and expertise, or to guide personnel decisions. Although these practical applications are beyond the scope of this issue, we hope that the research presented herein may serve as the foundation for future endeavors in that domain.

Disruptive Innovation: The Christensen Collection (The Innovator's Dilemma, The Innovator's Solution, The Innovator's DNA, and Harvard Business Review article "How Will You Measure Your Life?") (4 Items)

Download Disruptive Innovation: The Christensen Collection (The Innovator's Dilemma, The Innovator's Solution, The Innovator's DNA, and Harvard Business Review article

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Publisher : Harvard Business Press
ISBN 13 : 1422189988
Total Pages : 468 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis Disruptive Innovation: The Christensen Collection (The Innovator's Dilemma, The Innovator's Solution, The Innovator's DNA, and Harvard Business Review article "How Will You Measure Your Life?") (4 Items) by : Clayton M. Christensen

Download or read book Disruptive Innovation: The Christensen Collection (The Innovator's Dilemma, The Innovator's Solution, The Innovator's DNA, and Harvard Business Review article "How Will You Measure Your Life?") (4 Items) written by Clayton M. Christensen and published by Harvard Business Press. This book was released on 2011-07-19 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clayton Christensen’s definitive works on innovation—offered together for the first time Will you fall victim to disruptive innovation—or become a disruptor yourself? Tip the odds in your favor with the bestselling books that have made Christensen one of the world’s foremost authorities on innovation. You’ll also get his award-winning HBR article, full of inspiration for finding meaning and happiness in your life using the principles of business. The 4-volume collection includes: The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail In one of the most influential business books of our time, Christensen introduced the world to the concept of disruptive innovation, showing how even the most outstanding companies can do everything right—yet still lose market leadership. Don’t repeat their mistakes. The Innovator’s Solution: Creating and Sustaining Successful Growth Citing in-depth research and theories tested in hundreds of companies across many industries, Christensen and co-author Michael Raynor provide the tools organizations need to become disruptors themselves. The Innovator's DNA: Mastering the Five Skills of Disruptive Innovators Christensen and coauthors Jeffrey Dyer and Hal Gregersen identify behaviors of the world’s best innovators—from leaders at Amazon and Apple to those at Google, Skype, and the Virgin Group—to show how you and your team can unlock the code to generating and executing more innovative ideas. “How Will You Measure Your Life?” (HBR article) At Harvard Business School, Clayton Christensen teaches aspiring MBAs how to apply management and innovation theories to build stronger companies. But he also believes that these models can help people lead better lives. In this award-winning Harvard Business Review article, he explains how, exploring questions everyone needs to ask: How can I be happy in my career? How can I be sure that my relationship with my family is an enduring source of happiness? And how can I live my life with integrity?

GIS and Multicriteria Decision Analysis

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Publisher : John Wiley & Sons
ISBN 13 : 9780471329442
Total Pages : 414 pages
Book Rating : 4.3/5 (294 download)

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Book Synopsis GIS and Multicriteria Decision Analysis by : Jacek Malczewski

Download or read book GIS and Multicriteria Decision Analysis written by Jacek Malczewski and published by John Wiley & Sons. This book was released on 1999-04-05 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: From selecting sites for new hospitals, schools, and factories, to managing forests and rivers, to creating and maintaining highways and bridges, public and private organizations are often called on to make decisions on geographic questions that involve a multitude of alternatives and often conflicting evaluation criteria. This book presents a formal mechanism for dealing with these situations, capturing the information in a Geographic Information System and processing it to derive optimal recommendations for confronting these complex questions.

Fuzzy Measure Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 1475753039
Total Pages : 352 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Fuzzy Measure Theory by : Zhenyuan Wang

Download or read book Fuzzy Measure Theory written by Zhenyuan Wang and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing the first comprehensive treatment of the subject, this groundbreaking work is solidly founded on a decade of concentrated research, some of which is published here for the first time, as well as practical, ''hands on'' classroom experience. The clarity of presentation and abundance of examples and exercises make it suitable as a graduate level text in mathematics, decision making, artificial intelligence, and engineering courses.

Toward the Measurement of Total Economic Value

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Toward the Measurement of Total Economic Value by : George L. Peterson

Download or read book Toward the Measurement of Total Economic Value written by George L. Peterson and published by . This book was released on 1987 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Applications of Location Analysis

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Publisher : Springer
ISBN 13 : 3319202820
Total Pages : 440 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Applications of Location Analysis by : H. A. Eiselt

Download or read book Applications of Location Analysis written by H. A. Eiselt and published by Springer. This book was released on 2015-09-22 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, companion to Foundations of Location Analysis (Springer, 2011), highlights some of the applications of location analysis within the spheres of businesses, those that deal with public services and applications that deal with law enforcement and first responders. While the Foundations book reviewed the theory and first contributions, this book describes how different location techniques have been used to solve real problems. Since many real problems comprise multiple objectives, in this book there is more presence of tools from multicriteria decision making and multiple-objective optimization. The section on business applications looks at such problems as locating bank branches, the potential location of a logistics park, sustainable forest management and layout problems in a hospital, a much more difficult type of problem than mere location problems. The section on public services presents chapters on the design of habitats for wildlife, control of forest fires, the location of intelligent sensors along highways for timely emergency response, locating breast cancer screening centers, an economic analysis for the locations of post offices and school location. The final section of the book includes chapters on the well-known problem of locating fire stations, a model for the location of sensors for travel time information, the problem of police districting, locations of jails, location of Coast Guard vessels and finally, a survey of military applications of location analysis throughout different periods of recent history.

Agricultural Risk Modeling Using Mathematical Programming

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Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Agricultural Risk Modeling Using Mathematical Programming by : Richard N. Boisvert

Download or read book Agricultural Risk Modeling Using Mathematical Programming written by Richard N. Boisvert and published by . This book was released on 1990 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Decision Science and Technology

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Publisher : Springer Science & Business Media
ISBN 13 : 1461550890
Total Pages : 425 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Decision Science and Technology by : James Shanteau

Download or read book Decision Science and Technology written by James Shanteau and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision Science and Technology is a compilation of chapters written in honor of a remarkable man, Ward Edwards. Among Ward's many contributions are two significant accomplishments, either of which would have been enough for a very distinguished career. First, Ward is the founder of behavioral decision theory. This interdisciplinary discipline addresses the question of how people actually confront decisions, as opposed to the question of how they should make decisions. Second, Ward laid the groundwork for sound normative systems by noticing which tasks humans can do well and which tasks computers should perform. This volume, organized into five parts, reflects those accomplishments and more. The book is divided into four sections: `Behavioral Decision Theory' examines theoretical descriptions and empirical findings about human decision making. `Decision Analysis' examines topics in decision analysis.`Decision in Society' explores issues in societal decision making. The final section, `Historical Notes', provides some historical perspectives on the development of the decision theory. Within these sections, major, multi-disciplinary scholars in decision theory have written chapters exploring some very bold themes in the field, as an examination of the book's contents will show. The main reason for the health of the Decision Analysis field is its close links between theory and applications that have characterized it over the years. In this volume, the chapters by Barron and Barrett; Fishburn; Fryback; Keeney; Moreno, Pericchi, and Kadane; Howard; Phillips; Slovic and Gregory; Winkler; and, above all, von Winterfeldt focus on those links. Decision science originally developed out of concern with real decision problems; and applied work, such as is represented in this volume, will help the field to remain strong.

Decision Making in Complex Environments

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Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 9780754649502
Total Pages : 478 pages
Book Rating : 4.6/5 (495 download)

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Book Synopsis Decision Making in Complex Environments by : Malcolm James Cook

Download or read book Decision Making in Complex Environments written by Malcolm James Cook and published by Ashgate Publishing, Ltd.. This book was released on 2007 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many complex systems in civil and military operations are highly automated with the intention of supporting human performance in difficult cognitive tasks involving information processing. The complex systems can involve teams or individuals working on real-time tasks where a number of constraints must be satisfied. Decision Making in Complex Environments addresses the role of the human, the technology and the processes in complex socio-technical and technological systems.