Smart Economic Decision Making in a Complex World

Smart Economic Decision Making in a Complex World
Author: Morris Altman
Publsiher: Academic Press
Total Pages: 302
Release: 2020-06-19
ISBN 10: 0128114614
ISBN 13: 9780128114612
Language: EN, FR, DE, ES & NL

Smart Economic Decision Making in a Complex World Book Review:

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for 'smart and rational' decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the 'smart' decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of 'smart and rational' approaches

Smart Economic Decision Making in a Complex World

Smart Economic Decision Making in a Complex World
Author: Morris Altman
Publsiher: Academic Press
Total Pages: 302
Release: 2020-06-05
ISBN 10: 0128131780
ISBN 13: 9780128131787
Language: EN, FR, DE, ES & NL

Smart Economic Decision Making in a Complex World Book Review:

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for ‘smart and rational’ decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the ‘smart’ decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of ‘smart and rational’ approaches

Managerial Economics

Managerial Economics
Author: Lila J. Truett,Dale B. Truett
Publsiher: Wiley
Total Pages: 768
Release: 2003-07-16
ISBN 10: 9780471444664
ISBN 13: 0471444669
Language: EN, FR, DE, ES & NL

Managerial Economics Book Review:

Truett and Truett's Eighth Edition shows how to use economic analysis to solve problems and make effective decisions in the complex world of business. The highly successful problem-solving approach, clear and accurate presentation of economic theory, and outstanding cases combine to make the best presentation of managerial economics yet. * Walks readers step by step through specific types of problems, including elasticity calculations, cost minimization, and profit maximization. * Shows how real-world firms have addressed issues discussed in the book. * Emphasizes the global aspects of managerial economics and its application in the international marketplace.

Organizations and Performance in a Complex World

Organizations and Performance in a Complex World
Author: Ramona Orăștean,Claudia Ogrean,Silvia Cristina Mărginean
Publsiher: Springer Nature
Total Pages: 427
Release: 2020-12-14
ISBN 10: 3030506762
ISBN 13: 9783030506766
Language: EN, FR, DE, ES & NL

Organizations and Performance in a Complex World Book Review:

This volume highlights current research and developments on organizations and (their) performance against the background of ubiquitous complexity. It investigates some of the challenges and trends dominating the complex world of nowadays and the ways organizations are dealing with them in their continuous search for performance. The papers in the volume cover a series of hot and/or emerging topics (i.e. sustainable development, corporate social responsibility, green marketing, digital revolution, social media, global trade, intangible assets, economic intelligence and innovation). Built on an interdisciplinary perspective and a multi-level approach―global (trade, power, sustainable development), regional (EU, BRICS), national (country-based systems, cultures, policies, practices), industry (airlines, pharma, luxury, retailing, banking, tourism), local (communities, destinations), and organization (entrepreneurship, MNEs, public organizations: national and local)―the volume uniquely addresses issues of high interest for researchers, practitioners and policymakers.

Handbook of Behavioural Economics and Smart Decision Making

Handbook of Behavioural Economics and Smart Decision Making
Author: Morris Altman
Publsiher: Edward Elgar Publishing
Total Pages: 616
Release: 2017-05-26
ISBN 10: 1782549595
ISBN 13: 9781782549598
Language: EN, FR, DE, ES & NL

Handbook of Behavioural Economics and Smart Decision Making Book Review:

This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy.

Advanced Multi Criteria Decision Making for Addressing Complex Sustainability Issues

Advanced Multi Criteria Decision Making for Addressing Complex Sustainability Issues
Author: Chatterjee, Prasenjit,Yazdani, Morteza,Chakraborty, Shankar,Panchal, Dilbagh,Bhattacharyya, Siddhartha
Publsiher: IGI Global
Total Pages: 360
Release: 2019-05-03
ISBN 10: 1522585818
ISBN 13: 9781522585817
Language: EN, FR, DE, ES & NL

Advanced Multi Criteria Decision Making for Addressing Complex Sustainability Issues Book Review:

Sustainability issues have gained more importance in contemporary globalization, pushing decision makers to find a systematic mathematical approach to conduct analyses of this real-world problem. The growing complexity in modern social-economics or engineering environments or systems has forced researchers to solve complicated problems by using multi-criteria decision-making (MCDM) approaches. However, traditional MCDM research mainly focuses on reaching the highest economic value or efficiency, and issues related to sustainability are still not closely explored. Advanced Multi-Criteria Decision Making for Addressing Complex Sustainability Issues discusses and addresses the challenges in the implementation of decision-making models in the context of green and sustainable engineering, criteria identification, quantification, comparison, selection, and analysis in the context of manufacturing, supply chain, transportation, and energy sectors. All academic communities in the areas of management, economics, business sciences, mechanical, and manufacturing technologies are able to use, apply, and implement the models presented in this book. It is intended for researchers, manufacturers, engineers, managers, industry professionals, academicians, and students.

Smart Education and e Learning 2021

Smart Education and e Learning 2021
Author: Vladimir L. Uskov
Publsiher: Springer Nature
Total Pages: 135
Release: 2021
ISBN 10: 9811628343
ISBN 13: 9789811628344
Language: EN, FR, DE, ES & NL

Smart Education and e Learning 2021 Book Review:

Routledge Handbook of Behavioral Economics

Routledge Handbook of Behavioral Economics
Author: Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi
Publsiher: Routledge
Total Pages: 422
Release: 2016-08-05
ISBN 10: 1317589238
ISBN 13: 9781317589235
Language: EN, FR, DE, ES & NL

Routledge Handbook of Behavioral Economics Book Review:

There is no doubt that behavioral economics is becoming a dominant lens through which we think about economics. Behavioral economics is not a single school of thought but representative of a range of approaches, and uniquely, this volume presents an overview of them. The wide spectrum of international contributors each provides an exploration of a central approach, aspect or topic in behavorial economics. Taken together, the whole volume provides a comprehensive overview of the subject which considers both key developments and future possibilities. Part One presents several different approaches to behavioural economics, including George Katona, Ken Boulding, Harvey Leibenstein, Vernon Smith, Herbert Simon, Gerd Gigerenzer, Daniel Kahneman, and Richard Thaler. This section looks at the origins and development of behavioral economics and compares and contrasts the work of these scholars who have been so influential in making this area so prominent. Part Two presents applications of behavioural economics including nudging; heuristics; emotions and morality; behavioural political economy, education, and economic innovation. The Routledge Handbook of Behavioral Economics is ideal for advanced economics students and faculty who are looking for a complete state-of-the-art overview of this dynamic field.

Behavioral Economics for Tourism

Behavioral Economics for Tourism
Author: Milena S. Nikolova
Publsiher: Academic Press
Total Pages: 278
Release: 2020-09-24
ISBN 10: 0128138122
ISBN 13: 9780128138120
Language: EN, FR, DE, ES & NL

Behavioral Economics for Tourism Book Review:

Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital mediation and disintermediation of tourism organizations, service design, and planning policy considerations. The volume concludes with case studies illustrating successful and unsuccessful behavioral tactics and strategies for tourism businesses and organizations. Provides behavioral profiling of the digitally-informed, mobile, self-managed tourist Allows the tourism industry to better understand tourists, both cognitively and emotionally Supports business success, technology development and sustainability in the tourism industry Features case studies on behavioral tactics and strategies for use in tourism

Smart Decisions in Complex Systems

Smart Decisions in Complex Systems
Author: Pierre Massotte,Patrick Corsi
Publsiher: John Wiley & Sons
Total Pages: 376
Release: 2017-07-06
ISBN 10: 1119368693
ISBN 13: 9781119368694
Language: EN, FR, DE, ES & NL

Smart Decisions in Complex Systems Book Review:

Faced with ever-increasing complexity on a daily basis, the decision-makers of today are struggling to find the appropriate models, methods and tools to face the issues arising in complex systems across all levels of global operations. Having, in the past, resorted to outdated approaches which limit problem-solving to linear world views, we must now capitalize on complexities in order to succeed and progress in our society. This book provides a guide to harnessing the wealth inherent to complex systems. It organizes the transition to complex decision-making in all business spheres while providing many examples in various application domains. The authors offer fresh developments for understanding and mastering the global “uberization” of the economy, the post-modern management of computer-assisted production and the rise of cognitive robotics science applications.

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems
Author: Cars Hommes
Publsiher: Cambridge University Press
Total Pages: 253
Release: 2013-01-24
ISBN 10: 110701929X
ISBN 13: 9781107019294
Language: EN, FR, DE, ES & NL

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems Book Review:

Recognising that the economy is a complex system with boundedly rational interacting agents, applies complexity modelling to economics and finance.

Controlling Uncertainty

Controlling Uncertainty
Author: Magda Osman
Publsiher: John Wiley & Sons
Total Pages: 360
Release: 2011-07-18
ISBN 10: 144435180X
ISBN 13: 9781444351804
Language: EN, FR, DE, ES & NL

Controlling Uncertainty Book Review:

Controlling Uncertainty: Decision Making and Learning in Complex Worlds reviews and discusses the most current research relating to the ways we can control the uncertain world around us. Features reviews and discussions of the most current research in a number of fields relevant to controlling uncertainty, such as psychology, neuroscience, computer science and engineering Presents a new framework that is designed to integrate a variety of disparate fields of research Represents the first book of its kind to provide a general overview of work related to understanding control

Understanding Smart Cities A Tool for Smart Government or an Industrial Trick

Understanding Smart Cities  A Tool for Smart Government or an Industrial Trick
Author: Leonidas G. Anthopoulos
Publsiher: Springer
Total Pages: 293
Release: 2017-04-13
ISBN 10: 3319570153
ISBN 13: 9783319570150
Language: EN, FR, DE, ES & NL

Understanding Smart Cities A Tool for Smart Government or an Industrial Trick Book Review:

This book investigates the role of smart cities in the broader context of urban innovation and e-government, identifies what a smart city is in practice and highlights their importance to the welfare of society. The book offers specific, measurable, and action-oriented public sector planning and management principles and ideas for smart governance in the era of global urbanization and innovation to help with the challenges in maintaining the democratic system of checks and balances as well as the division of powers in a highly interconnected world. The book will be of interest researchers, practitioners, students, and public sector IT professionals that work within innovation management, public administration, urban technologies and urban innovation, and public local administration studies.

Decision Making for Leaders

Decision Making for Leaders
Author: Thomas L. Saaty
Publsiher: RWS Publications
Total Pages: 292
Release: 1990
ISBN 10: 1888603135
ISBN 13: 9781888603132
Language: EN, FR, DE, ES & NL

Decision Making for Leaders Book Review:

This book is about how to make decisions using the Analytic Hierarchy Process. The basics of the theory are described in a clear, non-technical manner with many examples. It is suitable for business leaders and also is probably the best book for introducing the AHP to students at the college and graduate level. In this fifth printing of the book the reader will find a new appendix containing real-life applications that validate the use of the fundamental scale of the AHP.

Eyes Wide Open

Eyes Wide Open
Author: Noreena Hertz
Publsiher: Harper Collins
Total Pages: 352
Release: 2013-09-24
ISBN 10: 0062268635
ISBN 13: 9780062268631
Language: EN, FR, DE, ES & NL

Eyes Wide Open Book Review:

Eyes Wide Open: How to Make Smart Decisions in a Confusing World is Noreena Hertz’s practical, cutting-edge guide to help you cut through the data deluge and make smarter and better choices, based on her highly popular TED talk. In this eye-opening handbook, the internationally noted speaker, economics expert, and bestselling author of IOU: The Debt Threat and Silent Takeover reveals the extent to which the biggest decisions in our lives are often made on the basis of flawed information, weak assumptions, corrupted data, insufficient scrutiny of others, and a lack of self-knowledge. To avert such disasters, Hertz persuasively argues, we need to become empowered decision-makers, capable of making high-stakes choices and holding accountable those who advise us. In Eyes Wide Open, she weaves together scientific research with real-world examples from Hollywood to Harry Potter, NASA to World War Two spies, to construct a path to more astute and empowered decision-making in ten clear steps. With a razor-sharp intellect and an instinct for popular storytelling, she offers counter-intuitive, actionable guidance for making better choices—whether you are a business-person, a professional, a patient, or a parent.

Real World Decision Making An Encyclopedia of Behavioral Economics

Real World Decision Making  An Encyclopedia of Behavioral Economics
Author: Morris Altman
Publsiher: ABC-CLIO
Total Pages: 499
Release: 2015-06-23
ISBN 10: 1440828164
ISBN 13: 9781440828164
Language: EN, FR, DE, ES & NL

Real World Decision Making An Encyclopedia of Behavioral Economics Book Review:

The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. • Contains an informative introductory essay that familiarizes students with the various aspects of behavioral economics • Provides a list of additional readings for those interested in learning more about the topic • Includes cross-references in each entry to help readers make connections between related topics • Defines key terms that are likely to be unfamiliar to those without advance knowledge of the subject • Helps readers identify and study particular entry categories through accompanying Topic Finders

Evaluating Scientific Evidence

Evaluating Scientific Evidence
Author: Erica Beecher-Monas
Publsiher: Cambridge University Press
Total Pages: 254
Release: 2007
ISBN 10: 9780521676557
ISBN 13: 052167655X
Language: EN, FR, DE, ES & NL

Evaluating Scientific Evidence Book Review:

This book examines scientific evidence in both civil and criminal contexts.

The Public Manager Case Book

The Public Manager Case Book
Author: Terrel L. Rhodes
Publsiher: SAGE
Total Pages: 194
Release: 2002
ISBN 10: 9780761923275
ISBN 13: 0761923276
Language: EN, FR, DE, ES & NL

The Public Manager Case Book Book Review:

The Public Manager Case Book is a collection of eight public administration cases that allows students to practice the decision-making skills they will need in their jobs as public managers. Each case focuses on the local administrative issues managers most often face in their day-to-day responsibilities, and each encourages students to collaborate with others in order to gain the necessary cooperation and information. The cases are multi-dimensional and challenge students and professors to draw from a variety of knowledge areas to develop alternative recommendations, decisions, or actions.

Managing Critical Infrastructure Risks

Managing Critical Infrastructure Risks
Author: Igor Linkov,Richard J. Wenning,Gregory A. Kiker
Publsiher: Springer
Total Pages: 488
Release: 2007-09-11
ISBN 10: 1402063857
ISBN 13: 9781402063855
Language: EN, FR, DE, ES & NL

Managing Critical Infrastructure Risks Book Review:

This book offers a state-of-the-science approach to current environmental security threats and infrastructure vulnerabilities. It emphasizes beliefs that the convergence of seemingly disparate viewpoints and often uncertain and limited information is possible only by using one or more available risk assessment methodologies and decision-making tools such as risk assessment and multi-criteria decision analysis (MCDA).

Analytical Models For Decision Making

Analytical Models For Decision Making
Author: Sanderson, Colin,Gruen, Reinhold
Publsiher: McGraw-Hill Education (UK)
Total Pages: 237
Release: 2006-03-01
ISBN 10: 0335218458
ISBN 13: 9780335218455
Language: EN, FR, DE, ES & NL

Analytical Models For Decision Making Book Review:

Health care systems are complex and, as a result, it is often unclear what the effects of changes in policy or service provision might be. At the same time, resources for health care tend to be in short supply, which means that public health practitioners have to make difficult decisions. This book describes the quantitative and qualitative methods that can help decision-makers to structure and clarify difficult problems and to explore the implications of pursuing different options. The accompanying CD ROM provides the opportunity to try out some of the proposed solutions. The book examines: Models and decision-making in health care Methods for clarifying complex decisions Models for service planning and resource allocation Modelling for evaluating changes in systems