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Term Expectation And Uncertainty In Human Decision Behavior
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Book Synopsis Term Expectation and Uncertainty in Human Decision Behavior by : Jerry D. Tate
Download or read book Term Expectation and Uncertainty in Human Decision Behavior written by Jerry D. Tate and published by . This book was released on 1964 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U.S. Government Research Reports by :
Download or read book U.S. Government Research Reports written by and published by . This book was released on 1964 with total page 2194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Scientific and Technical Aerospace Reports by :
Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1964 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity by : Joe Lorkowski
Download or read book Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity written by Joe Lorkowski and published by Springer. This book was released on 2017-07-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses an intriguing question: are our decisions rational? It explains seemingly irrational human decision-making behavior by taking into account our limited ability to process information. It also shows with several examples that optimization under granularity restriction leads to observed human decision-making. Drawing on the Nobel-prize-winning studies by Kahneman and Tversky, researchers have found many examples of seemingly irrational decisions: e.g., we overestimate the probability of rare events. Our explanation is that since human abilities to process information are limited, we operate not with the exact values of relevant quantities, but with “granules” that contain these values. We show that optimization under such granularity indeed leads to observed human behavior. In particular, for the first time, we explain the mysterious empirical dependence of betting odds on actual probabilities. This book can be recommended to all students interested in human decision-making, to researchers whose work involves human decisions, and to practitioners who design and employ systems involving human decision-making —so that they can better utilize our ability to make decisions under uncertainty.
Download or read book Business Service Check List written by and published by . This book was released on 1964 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bibliography of Scientific and Industrial Reports by :
Download or read book Bibliography of Scientific and Industrial Reports written by and published by . This book was released on 1964 with total page 1420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Decision Making under Uncertainty by : Kerstin Preuschoff
Download or read book Decision Making under Uncertainty written by Kerstin Preuschoff and published by Frontiers Media SA. This book was released on 2015-06-16 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most decisions in life are based on incomplete information and have uncertain consequences. To successfully cope with real-life situations, the nervous system has to estimate, represent and eventually resolve uncertainty at various levels. A common tradeoff in such decisions involves those between the magnitude of the expected rewards and the uncertainty of obtaining the rewards. For instance, a decision maker may choose to forgo the high expected rewards of investing in the stock market and settle instead for the lower expected reward and much less uncertainty of a savings account. Little is known about how different forms of uncertainty, such as risk or ambiguity, are processed and learned about and how they are integrated with expected rewards and individual preferences throughout the decision making process. With this Research Topic we aim to provide a deeper and more detailed understanding of the processes behind decision making under uncertainty.
Author :United States. Wright Air Development Division. Behavioral Sciences Laboratory Publisher : ISBN 13 : Total Pages :92 pages Book Rating :4.F/5 ( download)
Book Synopsis Bibliography of Reports by : United States. Wright Air Development Division. Behavioral Sciences Laboratory
Download or read book Bibliography of Reports written by United States. Wright Air Development Division. Behavioral Sciences Laboratory and published by . This book was released on 1964 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Human Judgment and Decision Making by : Kenneth R. Hammond
Download or read book Human Judgment and Decision Making written by Kenneth R. Hammond and published by Praeger Publishers. This book was released on 1980 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Decision Control, Management, and Support in Adaptive and Complex Systems: Quantitative Models by : Pavlov, Yuri P.
Download or read book Decision Control, Management, and Support in Adaptive and Complex Systems: Quantitative Models written by Pavlov, Yuri P. and published by IGI Global. This book was released on 2013-02-28 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to ensure the criteria for monitoring and managing the various problems and design for decision control, a mathematical description of exact human knowledge is required for the management of adaptive and complex systems. Decision Control, Management, and Support in Adaptive and Complex Systems: Quantitative Models presents an application and demonstration of a new mathematical technique for descriptions of complex systems. This comprehensive collection contains scientific results in the field of contemporary approaches to adaptive decision making that is essential for researchers, scholars, and students alike.
Book Synopsis Uncertainty in Entrepreneurial Decision Making by : Panagiotis E. Petrakis
Download or read book Uncertainty in Entrepreneurial Decision Making written by Panagiotis E. Petrakis and published by Springer. This book was released on 2016-04-29 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty in Entrepreneurial Decision Making fills an existing gap in understanding three key concepts of business management: entrepreneurship, uncertainty, and strategy. By extending the impact of uncertainty on entrepreneurship and the role of strategy in reducing uncertainty, Petrakis and Konstantakopoulou emphasize that uncertainty can be converted into creative advantage. Given that the business environment is changing both very quickly and very often, any wrong decisions taken can lead to devastation. This exciting new volume explains the reasons why we cannot see the complete the future and our position in it. This uncertainty affects entrepreneurship and how it can be turned into a competitive advantage for businesses sustainability.
Book Synopsis Decision Economics: In the Tradition of Herbert A. Simon's Heritage by : Edgardo Bucciarelli
Download or read book Decision Economics: In the Tradition of Herbert A. Simon's Heritage written by Edgardo Bucciarelli and published by Springer. This book was released on 2017-06-13 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: The special session on Decision Economics (DECON) is a scientific forum held annually and intended to share ideas, projects, research results, models and experiences associated with the complexity of behavioural decision processes and socio‐economic phenomena. DECON 2017 was held at the Polytechnic of Porto, ISEP, Portugal, as part of the 14th International Conference on Distributed Computing and Artificial Intelligence. For the second consecutive year, the Editors of this book have drawn inspiration from Herbert A. Simon’s immense body of work and argue that Simon precipitated something akin to a revolution in microeconomics focused on the concept of decision‐making. Further, it is worth noting that the recognition of relevant decision‐making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business management, operations, and production. Therefore, decision‐making issues are of fundamental importance in all branches of economics addressed both deductively and inductively. Not surprisingly, the study of decision‐making has seen growing empirical research efforts in the economic literature over the last sixty years and, more recently, a variety of insightful cutting‐edge experimental, behavioural and computational approaches. Additionally, the awareness regarding generalizations and reductions to express economic concepts has led, on the one hand, to an increasing risk of spreading the language of mathematics as a rhetorical tool and, on the other hand, to an oversimplification and overlooking of some crucial details, especially when it comes to human decisions and, hence, economic behaviour. That awareness, however, has helped to produce an extraordinary volume of empirical research aimed at discovering how economic agents cope with complex decisions. In this sense, the international scientific community acknowledges Herbert A. Simon’s research endeavours to understand the processes involved in economic decision‐making and their implications for the advancement of economic professions. Within the field of decision‐making, indeed, Simon’s rejection of the standard decision‐making models used in neoclassical economics inspired social scientists worldwide to develop research programmes in order to study decision‐making empirically. The main achievements concern decision‐making for individuals, firms, markets, governments, institutions, and, last but not least, science and research.
Download or read book Aerospace Medicine and Biology written by and published by . This book was released on 1964 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selection of annotated references to unclassified reports and journal articles that were introduced into the NASA scientific and technical information system and announced in Scientific and technical aerospace reports (STAR) and International aerospace abstracts (IAA)
Book Synopsis Decision Making Under Uncertainty by : Charles A. Holloway
Download or read book Decision Making Under Uncertainty written by Charles A. Holloway and published by Prentice Hall. This book was released on 1979 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction and basic concepts; Models and probability; Choices and preferences; Preference assessment procedures; Behavioral assumptions and limitations of decision analysis; Risk sharing and incentives; Choices with multiple attributes.
Book Synopsis A Pluralistic Introduction to Macroeconomics by : Hendrik Van den Berg
Download or read book A Pluralistic Introduction to Macroeconomics written by Hendrik Van den Berg and published by Edward Elgar Publishing. This book was released on 2024-03-14 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: This introductory textbook provides a broad introduction to the field of macroeconomics and the alternative approaches to modeling an economic system. It ultimately demonstrates that economic modeling is always a matter of choice and compromise, and no one school of thought can accurately capture the full essence of a real evolving economic system under all circumstances, in all places, and at all times in history.
Book Synopsis Utility, Probability, and Human Decision Making by : Dirk Wendt
Download or read book Utility, Probability, and Human Decision Making written by Dirk Wendt and published by Springer Science & Business Media. This book was released on 1975-12-31 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human decision making involves problems which are being studied with increasing interest and sophistication. They range from controversial political decisions via individual consumer decisions to such simple tasks as signal discriminations. Although it would seem that decisions have to do with choices among available actions of any kind, there is general agreement that decision making research should pertain to choice prob lems which cannot be solved without a predecisional stage of finding choice alternatives, weighing evidence, and judging values. The ultimate objective of scientific research on decision making is two-fold: (a) to develop a theoretically sound technology for the optimal solution of decision problems, and (b) to formulate a descriptive theory of human decision making. The latter may, in tum, protect decision makers from being caught in the traps of their own limitations and biases. Recently, in decision making research the strong emphasis on well defined laboratory tasks is decreasing in favour of more realistic studies in various practical settings. This may well have been caused by a growing awareness of the fact that decision-behaviour is strongly determined by situational factors, which makes it necessary to look into processes of interaction between the decision maker and the relevant task environ ment. Almost inevitably there is a parallel shift of interest towards problems of utility measurement and the evaluation of consequences.
Book Synopsis Managerial Process and Organizational Behavior by : Alan C. Filley
Download or read book Managerial Process and Organizational Behavior written by Alan C. Filley and published by . This book was released on 1969 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on the theoretics of scientific management and organisational behaviour - covers the evolution of management theory, decision making, leadership traits, managerial responsibility in planning business organization, delegation and decentralization, management development, etc., and includes literature surveys. Bibliography at the end of each chapter.