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providing a particular set of tasks – prediction tasks. Prediction about uncertain states of the world is an input into decision … could also increase the variance of outcomes as well. We consider the role of human judgment in decision-making as … decisions to machines even when the decision would be superior with human input …
Persistent link: https://www.econbiz.de/10012918625
. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …
Persistent link: https://www.econbiz.de/10012929013
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...
Persistent link: https://www.econbiz.de/10013291843