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reliance. The model is aimed at complex improvement of management of the evaluation, selection processes for public and private …
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This paper provides a unified framework for interpreting a wide range of interactions models which have appeared in the economics literature. A formalization taken from the statistical mechanics literature is shown to encompass a number of socioeconomic phenomena ranging from out of wedlock...
Persistent link: https://www.econbiz.de/10013218553
A decision maker tests whether the gradient of the loss function evaluated at a judgmental decision is zero. If the test does not reject, the action is the judgmental decision. If the test rejects, the action sets the gradient equal to the boundary of the rejection region. This statistical...
Persistent link: https://www.econbiz.de/10013243823
This paper provides a unified framework for interpreting a wide range of interactions models which have appeared in the economics literature. A formalization taken from the statistical mechanics literature is shown to encompass a number of socioeconomic phenomena ranging from out of wedlock...
Persistent link: https://www.econbiz.de/10012473099
Understanding how decisions are made plays an important role in strategic management. Exploration is conducted as to … whether the classical approach or the Bayesian approach is more frequently used in the strategic management decision …-making literature. A sample of 51 decision-related articles is collected from the Strategic Management Journal and provides for …
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