Showing 1 - 10 of 1,622
Successful implementation of integrated water resources planning and management (IWRM) requires delineation of regions that are relatively homogeneous with respect to multiple criteria, including hydrographic, physical-environmental, socioeconomic, and political-administrative aspects. The water...
Persistent link: https://www.econbiz.de/10010794413
A decision maker's performance relies on the availability of relevant information. In many environments, the relation … between the decision maker's informational needs and the information base is complex and uncertain. A fundamental concept of … information systems, such as decision support and document retrieval, is the probability that the retrieved information is useful …
Persistent link: https://www.econbiz.de/10009197923
The theory of choice proposed in "Knightian Decision Theory, Part I" is here applied to intertemporal problems. An … future states and could also ignore unlikely contingencies. A decision maker making such calculations would behave much like …
Persistent link: https://www.econbiz.de/10005762716
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
Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …
Persistent link: https://www.econbiz.de/10011070486
Each year, multi-stage auctions of one form or another sell or let billions of dollars worth of goods and contracts. Yet despite the significance of such auctions, the existing theory of auctions and competitive bidding fails to explain why a bid taker might prefer a multi-stage auction to a,...
Persistent link: https://www.econbiz.de/10009209221
This paper presents a critical reflection on dynamic consistency as commonly used in economics and decision theory, and … decision problem is immune to any reevaluation and will effectively be implemented from then on in the decision problem … experimentally testable, of possible sequential decision making behaviors of non-EU maximizers. Copyright Springer Science …
Persistent link: https://www.econbiz.de/10010865782
This paper studies markets, such as Internet marketplaces for used cars or mortgages, in which consumers engage in sequential search. In particular, we consider the impact of information-brokers (experts) who can, for a fee, provide better information on true values of opportunities. We...
Persistent link: https://www.econbiz.de/10010738144
prescriptive approach for coping with risk in sequential decision problems with discrete scenario space. We use Conditional Value …
Persistent link: https://www.econbiz.de/10010682501