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Journal articles on the topic 'Rational decision making'

Author: Grafiati

Published: 4 June 2021

Last updated: 26 January 2023

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1

Walker, Antony. "Rational decision-making." Bulletin of the Royal College of Surgeons of England 99, no. 5 (2017): 175. http://dx.doi.org/10.1308/rcsbull.2017.175.

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Bhui, Rahul, Lucy Lai, and Samuel J. Gershman. "Resource-rational decision making." Current Opinion in Behavioral Sciences 41 (October 2021): 15–21. http://dx.doi.org/10.1016/j.cobeha.2021.02.015.

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3

Mann, Richard P. "Collective decision making by rational individuals." Proceedings of the National Academy of Sciences 115, no. 44 (2018): E10387—E10396. http://dx.doi.org/10.1073/pnas.1811964115.

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The patterns and mechanisms of collective decision making in humans and animals have attracted both empirical and theoretical attention. Of particular interest has been the variety of social feedback rules and the extent to which these behavioral rules can be explained and predicted from theories of rational estimation and decision making. However, models that aim to model the full range of social information use have incorporated ad hoc departures from rational decision-making theory to explain the apparent stochasticity and variability of behavior. In this paper I develop a model of social i

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4

Askari, Gholamreza, and Madjid Eshaghi Gordji. "Decision Making: Rational Choice or Hyper-Rational Choice." Statistics, Optimization & Information Computing 8, no. 2 (2020): 583–89. http://dx.doi.org/10.19139/soic-2310-5070-638.

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In this paper, we provide an interpretation of the rationality in game theory in which player consider the profit or loss of the opponent in addition to personal profit at the game.‎ ‎‎The goal of a game analysis with two hyper-rationality players is to provide insight into real-world situations that are often more complex than a game with two rational players where the choices of strategy are only based on individual preferences. The hyper-rationality does not mean perfect rationality but an insight toward how human decision-makers behave in interactive decisions. ‎‎The findings of this resea

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Saydullaev, Sirojiddin Rahmatullaevich. "DECISION-MAKING SYSTEM FOR THE RATIONAL USE OF WATER RESOURCES." Journal of Central Asian Social Research 01, no. 01 (2020): 56–65. http://dx.doi.org/10.37547/jcass/volume01issue01-a6.

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The article presents a new theoretical basis for the development of software for optimal decision-making on water use. The advantages of using software for effective water use are highlighted, and a viable option for using the model for water use is highlighted. It also demonstrates how the software can be used in files in this area.

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Moser, Paul K., and D. Hudson Mulder. "PROBABILITY IN RATIONAL DECISION-MAKING." Philosophical Papers 23, no. 2 (1994): 109–28. http://dx.doi.org/10.1080/05568649409506416.

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7

Verdaasdonk, Hugo. "Valuation as rational decision-making." Poetics 31, no. 5-6 (2003): 357–74. http://dx.doi.org/10.1016/j.poetic.2003.09.002.

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Cabanac, Michel, and Marie-Claude Bonniot-Cabanac. "Decision making: rational or hedonic?" Behavioral and Brain Functions 3, no. 1 (2007): 45. http://dx.doi.org/10.1186/1744-9081-3-45.

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CHATTERJEE, Sidharta. "Choice That’s Rational." Journal of Research, Innovation and Technologies (JoRIT) 1, no. 1 (2022): 34. http://dx.doi.org/10.57017/jorit.v1.1(1).03.

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In this paper, it is about the axiomatic basis of rational choice theory - the theory that is behind making rational choice and decisions. To make rational choices, we would require thinking rationally and understanding the reason and logic behind what makes a choice rational, and how we need to choose rationally. Decisions are made under various circumstances, i.e., under risk, and often under compulsion. In social choice theory, decisions are made by different types of decision making entities, i.e., committees, groups, individuals and collective judgments by various types of organizations,

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Chenger, Denise, George Jergeas, and Francis Hartman. "Executive-level Capital Project Decision Making: Rational or Rationale?" International Journal of Sustainability Policy and Practice 8, no. 3 (2013): 65–74. http://dx.doi.org/10.18848/2325-1166/cgp/v08i03/55388.

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Gowri B., Shantha, and Vedantam Seetha Ram. "Influence of news on rational decision making by financial market investors." Investment Management and Financial Innovations 16, no. 3 (2019): 142–56. http://dx.doi.org/10.21511/imfi.16(3).2019.14.

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The impact of news on individual investor decision is explicit as investors need to update, adapt and forecast returns with constraints of time, uncertainty and resources to be successful. The aim is to understand and review the influence of news on individual investor’s decision making in stock markets and identify the impact of different type of news on individual investor’s decision making in stock markets, assess the behavioral reaction and investment decisions made by investors before and after there is news item, identify the linking effect on behavioral theories and biases, develop a ge

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Ghazi A, Alowaidi Mahmoud, and Wang Hu. "Impact of individual decision-making styles on marketing information system based decision-making." International Journal Of Innovation And Economic Development 1, no. 2 (2015): 40–49. http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.12.2005.

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Marketing information system (MIS) enables data processing and transformation of data into valuable information that results in a more effective decision-making from which companies benefit. However, human aspect is still an influential factor in the decision-making process. We conceptualize a connection between decision-making styles of employees, inherent in their habits and practices, and marketing innovation system based on the decision-making process. Through a detailed literature review, a link between spontaneous, individual, rational and dependent decision-making styles with quality an

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Lobão, Júlio. "Culture, learning and rational decision-making: evidence from a TV show." Decyzje 2020, no. 34 (2020): 5–27. http://dx.doi.org/10.7206/dec.1733-0092.144.

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This paper analyzes the French and the Vietnamese versions of the TV game show “The Price is Right”, using data from 130 episodes. We focus on the bidding game, covering 434 rounds and 1,736 bids. We document that players deviate signifi cantly from what is predicted by the model of rational expectations, especially in the French population. Moreover, Vietnamese fourth bidders are found to win more frequently than their French counterparts in spite of using strategic bids less often. We attribute these results to cultural reasons. Contestants from the collectivistic, uncertainty-tolerant cultu

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Dr.R.HARILAL, Dr R. HARILAL. "Rational Decision Making Ability of Commercial Poultry Farmers of Andhra Pradesh." International Journal of Scientific Research 3, no. 8 (2012): 450–51. http://dx.doi.org/10.15373/22778179/august2014/138.

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TICHÁ, I., J. HRON, and J. FIEDLER. "Managerial decision making – importance of intuition in the rational process." Agricultural Economics (Zemědělská ekonomika) 56, No. 12 (2010): 553–57. http://dx.doi.org/10.17221/169/2010-agricecon.

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The article contributes to the debate over the use of intuition in the managerial decision making. A brief overview of the debate is further elaborated with the comparison of findings brought about by two surveys conducted in the field settings. The comparison shows some similarities &ndash; for instance, the number of respondents admitting their reliance on intuition in decision making, but also some major differences.

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16

Koechlin, Etienne. "Human Decision-Making beyond the Rational Decision Theory." Trends in Cognitive Sciences 24, no. 1 (2020): 4–6. http://dx.doi.org/10.1016/j.tics.2019.11.001.

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Radovanovic, Bojana. "Individual decision making, group decision making and deliberation." Filozofija i drustvo 23, no. 2 (2012): 147–67. http://dx.doi.org/10.2298/fid1202147r.

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Each of us makes a number of decisions, from the less important to those with far-reaching consequences. As members of different groups, we are also actors of group decision making. In order to make a rational decision, a choice-making procedure must satisfy a number of assumptions (conditions) of rationality. In addition, when it comes to group decisions, those procedures should also be ?fair.? However, it is not possible to define a procedure of choice-making that would transform individual orders of alternatives based on preferences of perfectly rational individuals into a single social ord

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Kolar, Edvard, and Matej Tušak. "Decision-making style structure of Slovenian sports managers." Annales Kinesiologiae 13, no. 1 (2022): 47–73. http://dx.doi.org/10.35469/ak.2022.365.

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Purpose: Decisions that we make are always burdened with consequences, which are the inevitable result of our decision-making. The decision-making style (DMS) is the way in which managers acquire, process and use information in decision-making processes. The goals of the present research are to define the factor structure of DMS for a sample of Slovenian sports managers and to determine the characteristics of their DMS structure. Methods: 80 managers of Slovenian sports organizations filled in an anonymous internet survey. The DMS was measured with the use of the General Decision-Making Style

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19

Simon, Herbert A. "Decision Making: Rational, Nonrational, and Irrational." Educational Administration Quarterly 29, no. 3 (1993): 392–411. http://dx.doi.org/10.1177/0013161x93029003009.

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20

Wolkoff, Michael J. "Is Economic Development Decision Making Rational?" Urban Affairs Quarterly 27, no. 3 (1992): 340–55. http://dx.doi.org/10.1177/004208169202700302.

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Martínez-Tur, Vicente, Vicente Peñarroja, Miguel A. Serrano, et al. "Intergroup Conflict and Rational Decision Making." PLoS ONE 9, no. 12 (2014): e114013. http://dx.doi.org/10.1371/journal.pone.0114013.

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22

Heracleous, Loizos Th. "Rational Decision Making: Myth or Reality?" Management Development Review 7, no. 4 (1994): 16–23. http://dx.doi.org/10.1108/09622519410771628.

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23

Clancy, Carolyn M., Robert M. Centor, Mary Scott Campbell, and Harry P. Dalton. "Rational decision making based on history." Journal of General Internal Medicine 3, no. 3 (1988): 213–17. http://dx.doi.org/10.1007/bf02596334.

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Sudorgina, Yu V., T. N. Kotova, and A. A. Kotov. "The Role of Verbal Representation Level in Decision Making under Uncertain Categorization." Experimental Psychology (Russia) 15, no. 3 (2022): 199–212. http://dx.doi.org/10.17759/exppsy.2022150313.

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In this study we replicated (N=77) the effect of a decision making under uncertain categorization (i.e. basing the decision on a few categories simultaneously): when uncertainty was high, participants considered a few categories for a decision more often than when uncertainty was low, therefore, they made rational decisions more often [6]. Moreover, in Chen and colleagues’ study making rational decisions was not affected by the framing of category information. In the next part of our study (N=134) we further measured participants’ level of verbal representation using a scale from adapted versi

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25

Lacatus, Maria Liana. "Rational and irrational processes in decision making: An economic perspective." Mental Health: Global Challenges Journal 1, no. 1 (2019): 51–57. http://dx.doi.org/10.32437/mhgcj.v1i1.21.

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The paper presents important issues of decision making processes with an emphasis on rational and irrational components of these processes. After a short introduction outlining the need for a deeper understanding of rational and non-rational factors that affect the decisions people make, the rationality of people decisions in daily life is questioned and the role of non-rational factors such as intuition are analyzed. The economic understanding of the decision making process is presented and principles of rational decision-making are explained. Different methods used and recommended by economi

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Van der Merwe, Ragnar. "Rational Decision-Making in a Complex World." Logos & Episteme 13, no. 4 (2022): 381–404. http://dx.doi.org/10.5840/logos-episteme202213432.

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Prima facie, we make successful decisions as we act on and intervene in the world day-to-day. Epistemologists are often concerned with whether rationality is involved in such decision-making practices, and, if so, to what degree. Some, particularly in the post-structuralist tradition, argue that successful decision-making occurs via an existential leap into the unknown rather than via any determinant or criterion such as rationality. I call this view radical voluntarism (RV). Proponents of RV include those who subscribe to a view they call Critical Complexity (CC). In this paper, I argue that

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27

Sasaki, Takao, Benjamin Stott, and Stephen C. Pratt. "Rational time investment during collective decision making in Temnothorax ants." Biology Letters 15, no. 10 (2019): 20190542. http://dx.doi.org/10.1098/rsbl.2019.0542.

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The study of rational choice in humans and other animals typically focuses on decision outcomes, but rationality also applies to decision latencies, especially when time is scarce and valuable. For example, the smaller the difference in quality between two options, the faster a rational actor should decide between them. This is because the consequences of choosing the inferior option are less severe if the options are similar. Experiments have shown, however, that humans irrationally spend more time choosing between similar options. In this study, we assessed the rationality of time investment

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28

Houk, Timothy. "On Nudging’s Supposed Threat to Rational Decision-Making." Journal of Medicine and Philosophy: A Forum for Bioethics and Philosophy of Medicine 44, no. 4 (2019): 403–22. http://dx.doi.org/10.1093/jmp/jhz014.

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Abstract Nudging is a tool of libertarian paternalism. It involves making use of certain psychological tendencies in order to help people make better decisions without restricting their freedom. However, some have argued that nudging is objectionable because it interferes with, or undermines, the rational decision-making of the nudged agents. Opinions differ on why this is objectionable, but the underlying concerns appear to begin with nudging’s threat to rational decision-making. Those who discuss this issue do not make it clear to what this threat to rationality amounts. In this paper I eval

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29

Mandler, Michael. "Coarse, Efficient Decision-Making." Journal of the European Economic Association 18, no. 6 (2020): 3006–44. http://dx.doi.org/10.1093/jeea/jvaa002.

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Abstract To minimize the cost of making decisions, an agent should use criteria to sort alternatives and each criterion should sort coarsely. To decide on a movie, for example, an agent could use one criterion that orders movies by genre categories, another by director categories, and so on, with a small number of categories in each case. The agent then needs to aggregate the criterion orderings, possibly by a weighted vote, to arrive at choices. As criteria become coarser (each criterion has fewer categories) decision-making costs fall, even though an agent must then use more criteria. The mo

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Reding, Luke, and Molly E. Cummings. "Rational choice of social group size in mosquitofish." Biology Letters 15, no. 1 (2019): 20180693. http://dx.doi.org/10.1098/rsbl.2018.0693.

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Choice of social group can affect the likelihood of survivorship and reproduction for social species. By joining larger social groups—shoals—small freshwater fish like the mosquitofish Gambusia affinis can reduce predation risk and forage more efficiently. We tested shoal choice in mosquitofish to determine whether such choices are economically rational, i.e. consistent and optimal. Although many studies of decision-making assume rational choice, irrational decision-making is common and occurs across contexts. We tested rationality of shoaling decisions by testing the constant ratio rule, whic

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Dehdashti, Shahram, Lauren Fell, and Peter Bruza. "On the Irrationality of Being in Two Minds." Entropy 22, no. 2 (2020): 174. http://dx.doi.org/10.3390/e22020174.

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This article presents a general framework that allows irrational decision making to be theoretically investigated and simulated. Rationality in human decision making under uncertainty is normatively prescribed by the axioms of probability theory in order to maximize utility. However, substantial literature from psychology and cognitive science shows that human decisions regularly deviate from these axioms. Bistable probabilities are proposed as a principled and straight forward means for modeling (ir)rational decision making, which occurs when a decision maker is in “two minds”. We show that b

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Roth, Rolf I. "The Rational Analytical Approach to Decision-Making: An Adequate Strategy for Military Commanders?" Connections: The Quarterly Journal 03, no. 2 (2004): 71–92. http://dx.doi.org/10.11610/connections.03.2.08.

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33

RIAZ, MUHAMMAD NAVEED, MASUD AKHTAR, and GILNAZ MURTAZA. "Moderating Role of Decision-Making Situations between Leadership and Decision-Making in Services Providing Organizations." International Review of Management and Business Research 10, no. 1 (2021): 313–21. http://dx.doi.org/10.30543/10-1(2021)-27.

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The present research investigated moderating role of decision-making situations between leadership styles and decision-making styles in services providing organizations of Pakistan. The study was based on Full Range Leadership Theory of Bass and Reggio (2006) which comprise of three leadership styles including transformational, transactional, and laissez faire style. The study incorporated five decision-making styles including rational, intuitive, dependent, avoidant, and spontaneous style. The study comprised of three decision-making situations including certainty, risk and uncertainty. Multi

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34

Veel, Paul-Erik N. "Incommensurability, Proportionality, and Rational Legal Decision-Making." Law & Ethics of Human Rights 4, no. 2 (2010): 178–228. http://dx.doi.org/10.2202/1938-2545.1048.

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Courts frequently engage in the weighing of competing values; perhaps most obviously, such balancing constitutes an integral aspect of proportionality analysis in many states constitutional law. However, such balancing raises a difficult theoretical question: What does it mean that one value outweighs another in any particular case? If the values at issue are incommensurable as they often will be such balancing may appear to break down. As Justice Scalia has stated, balancing in the presence of incommensurable values is more like judging whether a particular line is longer than a parti

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Rosell, Rafael, Mariano Monzo, Aurora O'Brate, and Miquel Taron. "Translational oncogenomics: toward rational therapeutic decision-making." Current Opinion in Oncology 14, no. 2 (2002): 171–79. http://dx.doi.org/10.1097/00001622-200203000-00006.

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36

Powell, Iouie. "from the editor's desk - Rational decision making." IEEE Industry Applications Magazine 13, no. 4 (2007): 2. http://dx.doi.org/10.1109/mia.2007.4283499.

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37

Calhoun, Thomas C., and Greg Weaver. "Rational decision‐making among male street prostitutes." Deviant Behavior 17, no. 2 (1996): 209–27. http://dx.doi.org/10.1080/01639625.1996.9968023.

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38

Vliegen, H. J. W., and H. H. van Mal. "Rational decision making: structuring of design meetings." IEEE Transactions on Engineering Management 37, no. 3 (1990): 185–90. http://dx.doi.org/10.1109/17.104287.

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39

Hill, Brian. "CONFIDENCE IN BELIEFS AND RATIONAL DECISION MAKING." Economics and Philosophy 35, no. 02 (2018): 223–58. http://dx.doi.org/10.1017/s0266267118000214.

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Abstract:The standard, Bayesian account of rational belief and decision is often argued to be unable to cope properly with severe uncertainty, of the sort ubiquitous in some areas of policy making. This paper tackles the question of what should replace it as a guide for rational decision making. It defends a recent proposal, which reserves a role for the decision maker’s confidence in beliefs. Beyond being able to cope with severe uncertainty, the account has strong normative credentials on the main fronts typically evoked as relevant for rational belief and decision. It fares particularly wel

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Treasure, Tom. "Rational decision-making about paediatric cardiac surgery." Lancet 355, no. 9208 (2000): 948. http://dx.doi.org/10.1016/s0140-6736(00)90010-2.

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41

Lee, Daeyeol. "Neural basis of quasi-rational decision making." Current Opinion in Neurobiology 16, no. 2 (2006): 191–98. http://dx.doi.org/10.1016/j.conb.2006.02.001.

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Lekamwasam, Sarath. "Rational decision making; the role of physician." Journal of the Ceylon College of Physicians 43, no. 1-2 (2014): 2. http://dx.doi.org/10.4038/jccp.v43i1-2.6777.

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43

Appiah, Paul B., and John R. Sturgul. "Pareto optimality for rational comprehensive decision making." International Journal of Surface Mining, Reclamation and Environment 7, no. 2 (1993): 77–79. http://dx.doi.org/10.1080/09208119308964691.

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44

Gkeredakis, Emmanouil, Jacky Swan, and Davide Nicolini. "Rational Decision Making as a Practical Accomplishment." Academy of Management Proceedings 2012, no. 1 (2012): 17639. http://dx.doi.org/10.5465/ambpp.2012.17639abstract.

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45

Barrett, Bruce. "Evidence, Values, Guidelines and Rational Decision-making." Journal of General Internal Medicine 27, no. 2 (2011): 238–40. http://dx.doi.org/10.1007/s11606-011-1903-6.

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Dennis, Louise A. "Computational Goals, Values and Decision-Making." Science and Engineering Ethics 26, no. 5 (2020): 2487–95. http://dx.doi.org/10.1007/s11948-020-00244-y.

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Abstract Considering the popular framing of an artificial intelligence as a rational agent that always seeks to maximise its expected utility, referred to as its goal, one of the features attributed to such rational agents is that they will never select an action which will change their goal. Therefore, if such an agent is to be friendly towards humanity, one argument goes, we must understand how to specify this friendliness in terms of a utility function. Wolfhart Totschnig (Fully Autonomous AI, Science and Engineering Ethics, 2020), argues in contrast that a fully autonomous agent will have

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Vickers, Andrew J. "Decisional Conflict, Regret, and the Burden of Rational Decision Making." Medical Decision Making 37, no. 1 (2016): 3–5. http://dx.doi.org/10.1177/0272989x16657544.

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48

Vanlommel, Kristin, and Kim Schildkamp. "How Do Teachers Make Sense of Data in the Context of High-Stakes Decision Making?" American Educational Research Journal 56, no. 3 (2018): 792–821. http://dx.doi.org/10.3102/0002831218803891.

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This study examines the way teachers make sense of data in the context of high-stakes decision making, such as decisions related to student placement in educational tracks. Different types of data, data collected rationally and intuitively, may be used in this sensemaking process, and the same data may be interpreted in different ways by different teachers. Results show that teachers base their decisions on rational processes only to a limited extent. Teachers collect a great amount of data intuitively, and they sometimes interpret data collected rationally by personal criteria and triangulate

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SHUJAAT, JAWWAD MUHAMMAD, MUHAMMAD NAVEED RIAZ, and HUMAIRA YASMIN. "Impact of Decision-Making Styles on Leadership Styles in Business Managers." International Review of Management and Business Research 10, no. 1 (2021): 208–15. http://dx.doi.org/10.30543/10-1(2021)-17.

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The present study was sought to examine the role of rational, intuitive, dependent, avoidant, and spontaneous decision styles in the prediction of transformational, transactional, and laissez faire leadership styles. Research questionnaire were Urdu-translated versions of General Decision styles Questionnaire (Scott & Bruce, 1995) and Multifactor Leadership Questionnaire (Bass & Avolio, 2000). The sample of the current study consisted of 300 business managers from different regions of Pakistan. Purposive sampling was employed to collect the data. Multiple Regression analysis and Stepwi

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Curley, Lee J., Rory MacLean, Jennifer Murray, and Phyllis Laybourn. "Decision Science: A New Hope." Psychological Reports 122, no. 6 (2018): 2417–39. http://dx.doi.org/10.1177/0033294118797579.

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Decision science is an area of enquiry that crosses many disciplines, from psychology to economics, each with their own perspective of decision-making. Traditionally, mathematicians have envisaged decision-making as a purely rational endeavor, whereas psychologists and behavioral economists have critiqued this narrative and suggested that cognitive short cuts are the real mechanisms behind how decisions are made. However, contemporary dual process theorists argue that two systems of the mind exist: system 1 (intuitive decision-making) and system 2 (rational decision-making). The current review

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