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The Adaptive Decision Maker

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Release : 1993-05-28
Genre : Education
Kind : eBook
Book Rating : 261/5 ( reviews)

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Book Synopsis The Adaptive Decision Maker by : John W. Payne

Download or read book The Adaptive Decision Maker written by John W. Payne. This book was released on 1993-05-28. Available in PDF, EPUB and Kindle. Book excerpt: The Adaptive Decision Maker argues that people use a variety of strategies to make judgments and choices. The authors introduce a model that shows how decision makers balance effort and accuracy considerations and predicts which strategy a person will use in a given situation. A series of experiments testing the model are presented, and the authors analyse how the model can lead to improved decisions and opportunities for further research.

Adaptive Decision Maker

Download Adaptive Decision Maker PDF Online Free

Author :
Release : 1993
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Adaptive Decision Maker by : John W. Payne

Download or read book Adaptive Decision Maker written by John W. Payne. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:

Streetlights and Shadows

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Author :
Release : 2011-09-30
Genre : Business & Economics
Kind : eBook
Book Rating : 34X/5 ( reviews)

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Book Synopsis Streetlights and Shadows by : Gary A. Klein

Download or read book Streetlights and Shadows written by Gary A. Klein. This book was released on 2011-09-30. Available in PDF, EPUB and Kindle. Book excerpt: An expert explains how the conventional wisdom about decision making can get us into trouble—and why experience can’t be replaced by rules, procedures, or analytical methods In making decisions, when should we go with our gut and when should we try to analyze every option? When should we use our intuition and when should we rely on logic and statistics? Most of us would probably agree that for important decisions, we should follow certain guidelines—gather as much information as possible, compare the options, pin down the goals before getting started. But in practice we make some of our best decisions by adapting to circumstances rather than blindly following procedures. In Streetlights and Shadows, Gary Klein debunks the conventional wisdom about how to make decisions. He takes ten commonly accepted claims about decision making and shows that they are better suited for the laboratory than for life. The standard advice works well when everything is clear, but the tough decisions involve shadowy conditions of complexity and ambiguity. Gathering masses of information, for example, works if the information is accurate and complete—but that doesn't often happen in the real world. (Think about the careful risk calculations that led to the downfall of the Wall Street investment houses.) Klein offers more realistic ideas about how to make decisions in real-life settings. He provides many examples—ranging from airline pilots and weather forecasters to sports announcers and Captain Jack Aubrey in Patrick O’Brian’s Master and Commander novels—to make his point. All these decision makers saw things that others didn’t. They used their expertise to pick up cues and to discern patterns and trends. We can make better decisions, Klein tells us, if we are prepared for complexity and ambiguity and if we will stop expecting the data to tell us everything. “I know of no one who combines theory and observation—intellectual rigor and painstaking observation of the real world—so brilliantly and gracefully as Gary Klein.” —Malcolm Gladwell, author of Outliers and Blink

Adaptive Decision Making and Intellectual Styles

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Author :
Release : 2013-03-19
Genre : Psychology
Kind : eBook
Book Rating : 08X/5 ( reviews)

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Book Synopsis Adaptive Decision Making and Intellectual Styles by : Francesco Sofo

Download or read book Adaptive Decision Making and Intellectual Styles written by Francesco Sofo. This book was released on 2013-03-19. Available in PDF, EPUB and Kindle. Book excerpt: ​This exciting publication provides the reader with a theoretical and practical approach to adaptive decision making, based on an appreciation of cognitive styles, in a cross-cultural context. The aim of this Brief is to describe the role of thinking-through different options as part of the decision-making process. Since cognitive style influences decision behavior, the book will first examine thinking styles, which involve both cognitive and emotive elements, as habits or preferences that shape and empower one’s cognition and emotion. The information contained in this Brief will be a useful resource to both researchers studying decision making as well as to instructors in the higher education sector and to human resource development practitioners, especially those working in international, multi-cultural companies.

The Adaptive Decision-Maker: Effort and Accuracy in Choice

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Author :
Release : 1989
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Adaptive Decision-Maker: Effort and Accuracy in Choice by : John W. Payne

Download or read book The Adaptive Decision-Maker: Effort and Accuracy in Choice written by John W. Payne. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt: Research has shown that the strategies people use to evaluate and choose among a set of multiattribute alternatives are highly sensitive to a variety of task and context variables. This chapter reviews a program of research concerned with better understanding how decision making behavior is contingent upon properties of the decision task. The perspective adopted is that strategy selection is a function of both costs, primarily the effort required to use a decision Rule, and benefits, primarily the ability of a strategy to select the best alternative. A series of experiments involving both Monte-Carlo simulation and process-tracing techniques is reported that support the effort-accuracy framework. Unresolved issues of learning, bottom-up as well as top-down processing, and the role of incentives in strategy selection are then discussed. Finally, an implication of adaptive decision behavior for improving decisions by designing information displays which make effective processing easier is outlined. (KR).

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