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Vested interest (Crano, 1983; [1] Crano & Prislin, 1995; [2] Sivacek & Crano, 1982 [3]) is a communication theory that seeks to explain how an attitude of self-interest can affect behavior; or, in more technical terms, to question how certain hedonically relevant (Miller & Averbeck, 2013) [4] attitudinal dimensions can influence and consistently predict behavior based on the degree of ...
An "instrumental rationalist" is a decision expert whose response to seeing a man engaged in slicing his toes [the man’s value rational fact-free end] with a blunt knife [the man’s instrumental value-free means] is to rush to advise him that he should use a sharper knife to better serve [instrumentally] his evident [value rational] objective.
In fact, according to decision theory, the only value that matters in the above matrix is the +∞ (infinitely positive). Any matrix of the following type (where f 1 , f 2 , and f 3 are all negative or finite positive numbers) results in (B) as being the only rational decision.
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My democracy is at stake.’” Biden has had a minimal presence on the campaign trail, with a recent trip to Germany and other travel to survey damage from Hurricane Helene also competing for his ...
Value tree analysis help creative and critical thinking and organize the thoughts in a logical way. Moreover, when a decision has come up, value tree analysis can also be an effective way to think about one's core goals and values. Afterwards, we can actively look for decision opportunities with the analysis done before. [8] [9] [10]
Stakeholder analysis in conflict resolution, business administration, environmental health sciences decision making, [1] industrial ecology, public administration, and project management is the process of assessing a system and potential changes to it as they relate to relevant and interested parties known as stakeholders.
From this point of view, the St. Petersburg paradox teaches us that an expected gain that tends to infinity does not always imply the presence of a cognitive and non-random strategy. Consequently, from the decision-making point of view, we can create a hierarchy of values, in which knowledge turns out to be more important than expected gain.