This is the third and final paper in a three-part series exploring the decision-making process in China. Presenting …

We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn … from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices …. It also provides extra information to `markets' that evaluate decision-makers: comparisons become possible. We identify …

Contemporary approaches to decision making describe a decision problem by sets of states and outcomes, and a rich set … of acts: functions from states to outcomes over which the decision maker (DM) has preferences. Real problems do not come … decision making, in which the primitive objects of choice are syntactic programs. We show that if the DM's preference relation …