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Paperback or Softback. Seller Inventory BBS Book Description Making Better Decisions introduces readers to some of theprincipal aspects of decision theory, and examines how these mightlead us to make better decisions.
“The book is a modern take on decision making. The innovative scope will inspire instructors by encouraging them to include a combination rather than a subset. Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions.
Introduces readers to key aspec. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Itzhak Gilboa.
Publisher: Wiley-Blackwell , This specific ISBN edition is currently not available. Setting goals another tool is aspirational, but making decisions actually drives action.
Our research has shown that people usually do what they decide to do. The good news is that there are ways to consistently make better decisions by using practices and technologies based on behavioral economics.
Other studies have shown that effective decision-making practices increase the number of good business decisions sixfold and cut failure rates nearly in half. One reason is history.
Decision making in business has long been more art than science. In part, that is because most managers had relatively little access to accurate information until recently. And then there is the unfortunate circumstance that economics in the twentieth century was based on the theory that people make rational choices when given good information, a theory proved to be somewhere between spotty and completely wrong thanks to a revolution in behavioral economics, led by Nobel Prize winner Daniel Kahneman.
That leads to the next reason: psychology. The reality is that we are predictably irrational. Font Size.
Abstract This paper compares a number of theoretical models of decision-making with the way in which senior managers make decisions in practice. Six prominent decision-makers were interviewed about their own decision-making style, as well as their use of decision support technology.
Significant variation was found in personal decision-making styles. However, some central themes emerged, such as the importance of sensitivity to the decision-making context, attention to the presentation of information, and the use of intuition. In terms of the use of decision support technology, the use of self-help tools, such as office software, was clearly favoured.