High Stakes Decision Making: Normative, Descriptive and Prescriptive Considerations
نویسندگان
چکیده
منابع مشابه
High Stakes Decision Making: Normative, Descriptive and Prescriptive Considerations
This paper reviews the state of the art of research on individual decision-making in high-stakes, low-probability settings. A central theme is that resolving high-stakes decisions optimally poses a formidable challenge not only to naı̈ve decision makers, but also to users of more sophisticated tools, such as decision analysis. Such decisions are difficult to make because precise information abou...
متن کاملNormative and Descriptive Aspects of Decision Making
The problems of human behavior in decision processes are central in this chapter. The gaps between the requirements of decision methods and the possibilities of human information processing systems are analyzed. The qualitative model describing the decision maker’s behavior is proposed. The model defines the guidelines for the construction of decision methods justified from behavior point of vi...
متن کاملDescriptive and Normative Aspects ofLexicographic Decision-Making: The Borderline Cases
The paper deals with that all-too-familiar situation where the lexicographer must make a decision whether to include a particular item in the dictionary or not, and if so then in what form. Some borderline cases are investigated where considerations of language use, system and norm are each important parameters in the attempt to reach a common understanding that can be used by the dictionary st...
متن کاملSelf-deceptive decision making: normative and descriptive insights
Computational modeling of human belief maintenance and decision-making processes has become increasingly important for a wide range of applications. We present a framework for modeling the psychological phenomenon of selfdeception in a decision-theoretic framework. Specifically, we model the self-deceptive behavior of wishful thinking as a psychological bias towards the belief in a particularly...
متن کاملA Normative-Prescriptive-Descriptive Approach to Analyzing CSP Heuristics
This paper presents a general framework for analyzing heuristics for constraint solving, including backtracking and arc consistency algorithms. It will emphasize heuristics for variable selection during search, since this is where major differences are found. In earlier work two basic approaches to this problem were developed. The first was a general theoretical framework for different types of...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Marketing Letters
سال: 2002
ISSN: 0923-0645,1573-059X
DOI: 10.1023/a:1020287225409