We study how and why model-based Decision Support Systems (DSSs) influence managerial decision making, in the context … "good?"; (2) What is the relationship between an anchor or reference condition, DSS-supported recommendation and decision … quality? (3) How does a DSS influence the decision process, and how does the process influence outcomes? (4) Is the effect of …

Effective marketing decision-making benefits from a rigorous, data-driven process that systematically evaluates … alternatives based on insights and analysis. This study develops and evaluates a 5-stage decision-making process model integrating … cross-sectional design constrain implications. Future research employing probability sampling, multiple decision contexts …

Quantum decision theory (QDT) is a recently developed theory of decision making based on the mathematics of Hilbert … decision making. QDT describes a decision maker's choice as a stochastic event occurring with a probability that is the sum of … subjectivity on decision makers, the quarter law. We examine individual and aggregated (group) data, and find that the results are …

We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a … differentiation of the population into two similar sized groups in terms of "over-confident" and "contrarian" decision makers. This …

expired items. We provide numerical examples and simulation results for all of the three models …

This study explains aspects and strategies of critical decision in crisis management. Critical decisions enable …