Satisficing and Maximizing
Author: Michael Byron
Publisher: Cambridge University Press
Published: 2004-07-19
Total Pages: 262
ISBN-13: 9780521010054
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Author: Michael Byron
Publisher: Cambridge University Press
Published: 2004-07-19
Total Pages: 262
ISBN-13: 9780521010054
DOWNLOAD EBOOKPublisher Description
Author: Baruch Fischhoff
Publisher: Routledge
Published: 2013-06-17
Total Pages: 405
ISBN-13: 1136497331
DOWNLOAD EBOOKBehavioral decision research offers a distinctive approach to understanding and improving decision making. It combines theory and method from multiple disciples (psychology, economics, statistics, decision theory, management science). It employs both empirical methods, to study how decisions are actually made, and analytical ones, to study how decisions should be made and how consequential imperfections are. This book brings together key publications, selected to represent the major topics and approaches used in the field. Put in one place, with integrating commentary, it shows the common elements in a research program that represents the scope of the field, while offering depth in each. Together, they provide a vision for what has become a burgeoning field.
Author: Barry Schwartz
Publisher: Harper Collins
Published: 2009-10-13
Total Pages: 308
ISBN-13: 0061748994
DOWNLOAD EBOOKWhether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.
Author: Stephen P. Robbins
Publisher: Pearson Education
Published: 2014-10-06
Total Pages: 224
ISBN-13: 0133966879
DOWNLOAD EBOOKMake better decisions – every day, everywhere! Decide and Conquer, Second Edition
Author: Barry Schwartz
Publisher: W. W. Norton & Company
Published: 1987-08-17
Total Pages: 326
ISBN-13: 0393609286
DOWNLOAD EBOOK“Provocative and richly textured. . . .Schwartz’s analyses of the inadequacies of contemporary scientific views of human nature are compelling, but the consequences are even more worthy of note.” —Los Angeles Times Out of the investigations and speculations of contemporary science, a challenging view of human behavior and society has emerged and gained strength. It is a view that equates “human nature” utterly and unalterably with the pursuit of self-interest. Influenced by this view, people increasingly appeal to natural imperatives, instead of moral ones, to explain and justify their actions and those of others.
Author: Paul Weirich
Publisher:
Published: 2004-09-16
Total Pages: 278
ISBN-13: 019517125X
DOWNLOAD EBOOKPaul Weirich generalizes classical decision principles so that they apply to fallible, cognitively limited agents facing complex decision problems. His systematic approach to removal of decision theory's idealizations yields attainable but precise standards of rationality.
Author: Wynn C. Stirling
Publisher: Cambridge University Press
Published: 2003-07-03
Total Pages: 269
ISBN-13: 1139438298
DOWNLOAD EBOOKIn our day-to-day lives we constantly make decisions which are simply 'good enough' rather than optimal. Most computer-based decision-making algorithms, on the other hand, doggedly seek only the optimal solution based on rigid criteria and reject any others. In this book, Professor Stirling outlines an alternative approach, using novel algorithms and techniques which can be used to find satisficing solutions. Building on traditional decision and game theory, these techniques allow decision-making systems to cope with more subtle situations where self and group interests conflict, perfect solutions can't be found and human issues need to be taken into account - in short, more closely modelling the way humans make decisions. The book will therefore be of great interest to engineers, computer scientists and mathematicians working on artificial intelligence and expert systems.
Author: Robert E. Goodin
Publisher: Princeton University Press
Published: 2012
Total Pages: 126
ISBN-13: 0691148457
DOWNLOAD EBOOKThe hidden value of settling In a culture that worships ceaseless striving, "settling" seems like giving up. But is it? On Settling defends the positive value of settling, explaining why this disdained practice is not only more realistic but more useful than an excessive ideal of striving. In fact, the book makes the case that we'd all be lost without settling--and that even to strive, one must first settle. We may admire strivers and love the ideal of striving, but who of us could get through a day without settling? Real people, confronted with a complex problem, simply make do, settling for some resolution that, while almost certainly not the best that one could find by devoting limitless time and attention to the problem, is nonetheless good enough. Robert Goodin explores the dynamics of this process. These involve taking as fixed, for now, things that we reserve the right to reopen later (nothing is fixed for good, although events might always overtake us). We settle on some things in order to concentrate better on others. At the same time we realize we may need to come back later and reconsider those decisions. From settling on and settling for, to settling down and settling in, On Settling explains why settling is useful for planning, creating trust, and strengthening the social fabric--and why settling is different from compromise and resignation. So, the next time you're faced with a thorny problem, just settle. It's no failure.
Author: Morris Altman
Publisher: Academic Press
Published: 2020-05-22
Total Pages: 302
ISBN-13: 0128131780
DOWNLOAD EBOOKSmart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. - Makes the case for 'smart and rational' decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities - Explains how incorporation of the 'smart' decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes - Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of 'smart and rational' approaches
Author: Richard Michael 1921- Cyert
Publisher: Hassell Street Press
Published: 2021-09-10
Total Pages: 360
ISBN-13: 9781015087965
DOWNLOAD EBOOKThis work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.