This long-awaited textbook provides a unified perspective of a rich and varied field. Using a set of illustrative examples, Decision Sciences synthesizes current research about different types of decision making, including individual, group, organizational, and societal. Special attention is given to the linkage between problem finding and problem solving. The principal message emerging from the book is that decision making entails a complex set of processes that need to be understood in order to develop sound prescriptions or policy advice.
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Editorial Reviews
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"Decision Sciences offers a broad and deep coverage of decision making; individual, group, organizational, and societal. It stresses the need to understand the decision process and integrates this with descriptive insight and prescriptive guidance to make wise decisions. Decision Sciences has defined the field." Ralph L. Keeney, author of Value-Focused Thinking
Book Description
Using a set of illustrative examples, this text synthesizes current research about different types of decision making, including individual, group, organizational, and societal. Special attention is also given to the linkage between problem finding and problem solving.
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3.0 out of 5 stars
Ignores Keynes's contributions to decision science,
By Michael Emmett Brady "mandmbrady" (Bellflower, California ,United States) - See all my reviews (VINE VOICE) (REAL NAME)
This review is from: Decision Sciences: An Integrative Perspective (Paperback)
Kleindorfer(K)does a good job of covering the conventional wisdom of the decision science establishment.Tversky and Kahneman,Hogarth and Einhorn,Slovic and Lichtenstein,Shoemaker,Kunreuther,Ellsberg,etc.,are all covered explicitly or implicitly.Unfortunately,the path breaking and monumental discoveries made by John Maynard Keynes in his 1921 magnum opus,A Treatise on Probability,are completely ignored.This is probably due to the misguided importance attached to two extremely poor and inaccurate book reviews of Frank Ramsey that were published in 1922 and 1926,respectively.Ramsey badly misinterpreted Keynes's definitions of the words nonnumerical and nonmeasurable to mean that numbers could rarely be used to calculate an estimate of probability in Keynes's system.In fact,Keynes's argument was that it took two numbers,not one,to generally make an estimate of probability.Nonnumerical meant not by a single numeral.Keynes is the founder of the interval(set)estimate approach to probability.Keynes also specified an index to measure ambiguity which Keynes called the weight of the evidence,w.It is defined on the unit interval between 0 and 1,0<=w<=1.IT IS IDENTICAL TO ELLSBERG'S rho index,0<=rho<=1.In chapter 26 of the TP,Keynes generalized the expected value/expected utility rules by constructing a decision weight that Keynes called a conventional coefficient of risk and weight,c.Let p equal the probabibity of success ,q equal the probability of failure and A equal the outcome .A decisionmaker maximizes cA,instead of pA or pU(A),where c=1/(1+q)[2w/(1+w)].Keynes was the firest scholar in history to specify an index for w and a decision weight c.Keynes at least merits as many pages as allocated to D.Ellsberg.
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First Sentence:
The emerging field of decision sciences is concerned with understanding and improving decision making of individuals, groups, and organizations. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
generalized utility models, nested decision structures, communicated models, safe farmers, unitary actor model, apartment selection, collective choice theory, collective choice problems, indifference judgments, siting noxious facilities, university housing office, probability dimension, prescriptive analysis, indifference level, social judgment theory, lens model, risk dimensions, availability bias, preference reversals, strategic misrepresentation, passive restraint, independence axiom, expected utility theory, bargaining solution, prescriptive aspects Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Bernie Munch, Jane Officer, Mike Cutter, San Francisco, General Motors, Munchy Cereals, Oli Slick, Jim House, Oliver Slick, Roberta Glover, Seashore Bank, Don Brown, John Wiley, New York, American Psychological Association, Bill Branch, East Germans, Jane Seymour, North Market, Public Broadcasting System, Royal Dutch, Soviet Union New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The emerging field of decision sciences is concerned with understanding and improving decision making of individuals, groups, and organizations. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
generalized utility models, nested decision structures, communicated models, safe farmers, unitary actor model, apartment selection, collective choice theory, collective choice problems, indifference judgments, siting noxious facilities, university housing office, probability dimension, prescriptive analysis, indifference level, social judgment theory, lens model, risk dimensions, availability bias, preference reversals, strategic misrepresentation, passive restraint, independence axiom, expected utility theory, bargaining solution, prescriptive aspects Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Bernie Munch, Jane Officer, Mike Cutter, San Francisco, General Motors, Munchy Cereals, Oli Slick, Jim House, Oliver Slick, Roberta Glover, Seashore Bank, Don Brown, John Wiley, New York, American Psychological Association, Bill Branch, East Germans, Jane Seymour, North Market, Public Broadcasting System, Royal Dutch, Soviet Union New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
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36
books
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- Strategic Management by DAVID in Back Matter (1), Back Matter (2), and Back Matter (3)
- Integrating Insurance and Risk Management for Hazardous Wastes by Howard Kunreuther in Back Matter (1), and Back Matter (2)
- Organizational Behavior: Human Behavior at Work: WITH Powerweb by John W. Newstrom in Back Matter (1), and Back Matter (2)
- Theories of Group Processes (Wiley series on individuals, groups & organizations) by Cary L. Cooper in Back Matter (1), and Back Matter (2)
- Handbook of Industrial Organization (Handbooks in Economics) by Richard Schmalensee in Back Matter (1), and Back Matter (2)
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- Humble Analysis: The Practice of Joint Fact-Finding by Clinton J. Andrews on page 28, and Back Matter
- Peripheral Vision: Detecting the Weak Signals That Will Make or Break Your Company by George S. Day on page 225, and Back Matter
- Wharton on Making Decisions by Stephen J. Hoch in Back Matter (1), and Back Matter (2)
- Wharton on Making Decisions by Stephen J. Hoch in Back Matter (1), and Back Matter (2)
- Profiting from Uncertainty: Strategies for Succeeding No Matter What the Future Brings by Paul J. H. Schoemaker in Back Matter (1), and Back Matter (2)
See all 36 books citing this book
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