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The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.
The Decision Sciences Institute (DSI) is a professional association of university professors, graduate students, and practitioners whose interest lies in the application of quantitative research and qualitative research to the decision problems of individuals, organizations, and society.
Decision is a peer-reviewed academic journal covering research about decision making within the boundaries of an organization, as well as decisions involving inter-firm coordination. According to the 2023 Journal Citation Reports , Decision Sciences has an impact factor of 1.5, placing it in the third quartile (286/401) of journals in the ...
Decision Sciences Journal of Innovative Education is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the Decision Sciences Institute. The current editor-in-chief is Chetan Sankar (Auburn University). The journal covers all areas related to decision science.
George Loewenstein (born August 9, 1955) [1] is an American educator and economist. He is the Herbert A. Simon Professor of Economics and Psychology in the Social and Decision Sciences Department at Carnegie Mellon University and director of the Center for Behavioral Decision Research.
The extent to which the theoretical frameworks drew on the managerial and social sciences in addition to data science was an additional motivator for unifying decision intelligence into a field of study that is distinct from data science. [6] Modern decision intelligence is highly interdisciplinary and academically inclusive.
well as other irrational influences on consumer decision making, and exploit already existing cognitive biases to promote better behaviors. This approach has been advocated by scholars in behavioral and health economics as a promising method by which to address non-optimal consumer choices, including financial and
Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. . Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the ...