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This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory … Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …
Persistent link: https://www.econbiz.de/10005649761
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design, and statistical analysis techniques were examined as part of theory development and testing. The review establishes a … empirical testing, a greater variety of moral frameworks and wider use of marketing exchange theory is needed. The review …
Persistent link: https://www.econbiz.de/10011242092
Interval fuzzy preference relations can be useful to express decision makers' preferences in group decision-making problems. Usually, we apply a selection process and a consensus process to solve a group decision situation. In this paper, we present a consensus model for group decision-making...
Persistent link: https://www.econbiz.de/10011011035
In their seminal work, The Calculus of Consent (1962), Buchanan and Tullock develop a decision model which embodies fundamental relation­ships relevant to institutional choices. However, the Buchanan-Tullock model remains "general," thus inviting others to specify details and to develop...
Persistent link: https://www.econbiz.de/10011257880
This paper studies a collective decision problem in which a group of individuals with interdependent preferences vote whether or not to implement a public project of unknown value. A utilitarian social planner aggregates these votes according to a majority rule; but, unlike what is commonly...
Persistent link: https://www.econbiz.de/10009148799
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In the world of mutual funds management, responsibility for investment decisions is increasingly entrusted to small teams instead of individuals. Yet the effect of team decision-making in a market environment has never been studied in a controlled experiment. In this paper, we investigate the...
Persistent link: https://www.econbiz.de/10009294067
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This paper experimentally investigates how individual preferences, through unrestricted deliberation, are aggregated into a group decision in two contexts: reciprocating gifts and choosing between lotteries. In both contexts, we find that median group members have a significant impact on the...
Persistent link: https://www.econbiz.de/10010791595