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Essence of Decision: Explaining the Cuban Missile Crisis is book by political scientist Graham T. Allison analyzing the 1962 Cuban Missile Crisis. Allison used the crisis as a case study for future studies into governmental decision-making. The book became the founding study of the John F. Kennedy School of Government, and in doing so ...
Economics. The rational choice model, also called rational choice theory refers to a set of guidelines that help understand economic and social behaviour. [1] The theory originated in the eighteenth century and can be traced back to the political economist and philosopher Adam Smith. [2]
Full-text digital archive of Herbert Simon papers; Mind Models online Artificial Intelligence exhibit; pioneering research into the decision-making process within economic organizations; History of Twentieth-Century Philosophy of Science BOOK VIII: Herbert Simon, Paul Thagard and Others on Discovery Systems – with free downloads for public use.
Economics. In decision theory, the von Neumann–Morgenstern (VNM) utility theorem demonstrates that rational choice under uncertainty involves making decisions that take the form of maximizing the expected value of some cardinal utility function. This function is known as the von Neumann–Morgenstern utility function.
A Primer on Decision Making: How Decisions Happen. New York: The Free Press. ISBN 978-0-02-920035-3. Simon, Herbert (1957). "A Behavioral Model of Rational Choice", in Models of Man, Social and Rational: Mathematical Essays on Rational Human Behavior in a Social Setting. New York: Wiley. March, James G. & Simon, Herbert (1958). Organizations ...
978-0374275631. OCLC. 706020998. Thinking, Fast and Slow is a 2011 popular science book by psychologist Daniel Kahneman. The book's main thesis is a differentiation between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical. The book delineates rational and non-rational ...
Decision-making models. Decision-making as a term is a scientific process when that decision will affect a policy affecting an entity. Decision-making models are used as a method and process to fulfill the following objectives: Every team member is clear about how a decision will be made. The roles and responsibilities for the decision making.
The rational planning model is a model of the planning process involving a number of rational actions or steps. Taylor (1998) outlines five steps, as follows: [1] Monitoring of effects of plans/policies. The rational planning model is used in planning and designing neighborhoods, cities, and regions. It has been central in the development of ...