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decision theory and cognitive sciences to account for seemingly irrational or paradoxical human judgments. In this paper, we …
Persistent link: https://www.econbiz.de/10011124511
This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … decision as the necessary basis for handling ethical questions in business practice, rather then as a limitation to this end … plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory …
Persistent link: https://www.econbiz.de/10005649761
Decision-making is becoming increasingly complex as the number of stakeholders rises,the number of decision … framework is growing increasingly complex.Decision-making is caught between the need to thoroughly document and substantiate a … thecomplexity of the decision-making process increases, on the other hand. The present paper sought topresent critically the main …
Persistent link: https://www.econbiz.de/10009150890
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information...
Persistent link: https://www.econbiz.de/10011196577
represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …
Persistent link: https://www.econbiz.de/10010930175
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent’s preferences for information. The index of...
Persistent link: https://www.econbiz.de/10010570903
, regardless of his preferences, initial wealth or investment problem. It is also shown that no prior-independent informativeness …
Persistent link: https://www.econbiz.de/10008876322
his preferences, initial wealth or investment problem. It is also shown that no prior-independent informativeness ordering …
Persistent link: https://www.econbiz.de/10008752462
beliefs, regardless of his preferences, initial wealth or investment problem. It is also shown that no prior …
Persistent link: https://www.econbiz.de/10008752640
shown that quantum-like formulations in the field of human decision making can better explain the underlying nature of these … of trust decision making, recency effects for recently good or bad transactions, filtering pessimistic and optimistic …
Persistent link: https://www.econbiz.de/10011163280