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

Exam Prep for Smart Economic Decision making in a Complex

Exam Prep for  Smart Economic Decision making in a Complex
Author: Anonim
Publsiher: Unknown
Total Pages: 329
Release: 2021
ISBN 10:
ISBN 13:
Language: EN, FR, DE, ES & NL

Exam Prep for Smart Economic Decision making in a Complex Book Review:

Smart Choices

Smart Choices
Author: John S. Hammond,Ralph L. Keeney,Howard Raiffa
Publsiher: Harvard Business Review Press
Total Pages: 256
Release: 2015-07-21
ISBN 10: 1633691055
ISBN 13: 9781633691056
Language: EN, FR, DE, ES & NL

Smart Choices Book Review:

Become confident in your choices. Where should I live? Is it time to get a new job? Which job candidate should I hire? What business strategy should I pursue? We spend the majority of our lives making decisions, both big and small. Yet, even though our success is largely determined by the choices that we make, very few of us are equipped with useful decision-making skills. Because of this, we often approach our choices tentatively, or even fearfully, and avoid giving them the time and thought required to put our best foot forward. In Smart Choices, John Hammond, Ralph Keeney, and Howard Raiffa—experts with over 100 years of experience resolving complex decision problems—offer a proven, straightforward, and flexible roadmap for making better and more impactful decisions, and offer the tools to achieve your goals in every aspect of your life. Their step-by-step, divide-and conquer approach will teach you how to: • Evaluate your plans • Break your potential decision into its key elements • Identify the key drivers that are most relevant to your goals • Apply systematic thinking • Use the right information to make the smartest choice Smart Choices doesn’t tell you what to decide; it tells you how. As you routinely use the process, you’ll become more confident in your ability to make decisions at work and at home. And, more importantly, by applying its time-tested methods, you’ll make better decisions going forward. Be proactive. Don’t wait until a decision is forced on you—or made for you. Seek out decisions that advance your long-term goals, values, and beliefs. Take charge of your life by making Smart Choices a lifetime habit.

Smart Decisions in Complex Systems

Smart Decisions in Complex Systems
Author: Pierre Massotte,Patrick Corsi
Publsiher: John Wiley & Sons
Total Pages: 376
Release: 2017-07-17
ISBN 10: 1786301105
ISBN 13: 9781786301109
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.

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.

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

Decision Making

Decision Making
Author: Fausto Pedro García Márquez,Alberto Pliego Marugán,Mayorkinos Papaelias
Publsiher: BoD – Books on Demand
Total Pages: 64
Release: 2018-09-19
ISBN 10: 1789237955
ISBN 13: 9781789237955
Language: EN, FR, DE, ES & NL

Decision Making Book Review:

Decision Making is a book where each chapter has been contributed to by a different author(s). The book synthesizes the analytical principles with business practice of Decision Making. Specifically, the book provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning abilities of decision making. It is complementary to other sub-disciplines such as economics, finance, marketing, decision and risk analysis, etc. The chapters introduce and demonstrate decision making theory in practical case studies. It demonstrates key results for each sector with diverse real-world case studies. The theory is accompanied by relevant analysis techniques, with a progressional approach building from simple theory to complex and dynamic decisions with multiple data points, including big data, etc. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems with defined constraints and requirements.

Decision Making in the New Reality

Decision Making in the New Reality
Author: David Bennet,Alex Bennet
Publsiher: Mqipress
Total Pages: 178
Release: 2019-03-22
ISBN 10: 9781949829259
ISBN 13: 1949829251
Language: EN, FR, DE, ES & NL

Decision Making in the New Reality Book Review:

We live in a world that offers many possible futures. The ever-expanding complexity of information and knowledge provide many choices for decision-makers, and we are all making decisions every single day! As the problems and messes of the world become more complex, our decision consequences are more and more difficult to anticipate, and our decision-making processes must change to keep up with this world complexification. This book takes a consilience approach to explore decision-making in The New Reality, fully engaging systems and complexity theory, knowledge research, and recent neuroscience findings. It also presents methodologies for decision-makers to tap into their unconscious, accessing tacit knowledge resources and increasingly relying on the sense of knowing that is available to each of us. Almost every day new energies are erupting around the world: new thoughts, new feelings, new knowing, all contributing to new situations that require new decisions and actions from each and every one of us. Indeed, with the rise of the Net Generation and social media, a global consciousness may well be emerging. As individuals and organizations we are realizing that there are larger resources available to us, and that, as complex adaptive systems linked to a flowing fount of knowing, we can bring these resources to bear to achieve our ever-expanding vision of the future. Are we up to the challenge?

Tackling Complexity

Tackling Complexity
Author: Gilbert Probst,Andrea Bassi
Publsiher: Routledge
Total Pages: 204
Release: 2017-09-08
ISBN 10: 1351287621
ISBN 13: 9781351287623
Language: EN, FR, DE, ES & NL

Tackling Complexity Book Review:

Our socio-economic systems continue to grow and evolve. We need to acknowledge that, consequently, our decisions often fail – they are ineffective and create unexpected side effects. The speed of execution is increasing constantly and markets and systems respond almost immediately, making decision-making challenging. There is little or no room for failure.This important new book analyses real world strategy and policy challenges, addressing the interconnectedness of the markets/systems we live in. It provides a step-by-step approach using systems thinking to solve complex problems in socio-political as well as business environment. It proposes a technique with which to better understand the problems and the context in which they arise, and tools to directly inform each step of the decision-making process. The book explores the main innovation that systemic thinking introduces – the emphasis on defining the problem creating system, which is made up of interacting parts, rather than prioritizing events that need immediate fixing.The case studies, examples and the approach proposed can be used to better understand reality and its complexity, and to integrate stakeholders for a better solution. Practically, it can be used to identify problems, analyse their boundaries, design interventions, forecast and measure their expected impacts, implement them and monitor and evaluate their success/failure. The book touches upon global issues related to policy making and strategic management, as well as issues related to sustainable development for both the public and private sector.

Behavioral Economics For Dummies

Behavioral Economics For Dummies
Author: Morris Altman
Publsiher: John Wiley & Sons
Total Pages: 384
Release: 2012-02-28
ISBN 10: 1118085035
ISBN 13: 9781118085035
Language: EN, FR, DE, ES & NL

Behavioral Economics For Dummies Book Review:

A guide to the study of how and why you really make financial decisions While classical economics is based on the notion that people act with rational self-interest, many key money decisions—like splurging on an expensive watch—can seem far from rational. The field of behavioral economics sheds light on the many subtle and not-so-subtle factors that contribute to our financial and purchasing choices. And in Behavioral Economics For Dummies, readers will learn how social and psychological factors, such as instinctual behavior patterns, social pressure, and mental framing, can dramatically affect our day-to-day decision-making and financial choices. Based on psychology and rooted in real-world examples, Behavioral Economics For Dummies offers the sort of insights designed to help investors avoid impulsive mistakes, companies understand the mechanisms behind individual choices, and governments and nonprofits make public decisions. A friendly introduction to the study of how and why people really make financial decisions The author is a professor of behavioral and institutional economics at Victoria University An essential component to improving your financial decision-making (and even to understanding current events), Behavioral Economics For Dummies is important for just about anyone who has a bank account and is interested in why—and when—they spend money.

Annual Report

Annual Report
Author: Macaulay Land Use Research Institute
Publsiher: Unknown
Total Pages: 329
Release: 1998
ISBN 10:
ISBN 13: CORNELL:31924084869068
Language: EN, FR, DE, ES & NL

Annual Report Book Review:

Smart Decisions

Smart Decisions
Author: Thomas N. Martin
Publsiher: Springer
Total Pages: 185
Release: 2016-04-29
ISBN 10: 1137537000
ISBN 13: 9781137537003
Language: EN, FR, DE, ES & NL

Smart Decisions Book Review:

Today's world is complex and getting more so each day. Huge multinational corporations, international crisis and fast breaking events require most people to make decisions on a daily basis without the tools to understand the long term impact that today's decision might create. Because most people have never really been trained in how to make important complex decisions most people rely on experience, and 'gut reaction' which is okay for many decisions, but not okay for decision that will have meaningful impact on organizations and individual. Decision makers need to develop the art and science of strategic decision making. Here, Professor Thomas Martin explains the need for decision makers to modify their thinking about how they deal with acquiring and analyzing information in each of the decision-making process steps. This approach requiring thinking modification will lengthen the process, make it more complex, and to some more arduous, but the comprehensiveness of the new thinking approach should lead to improved and more effective decision making. In this book, Dr. Martin presents a thinking modification framework that asserts that in the decision-making process, there are three situational states — a current state, future state, and a transitional state that one must deliberate in finding a solution. For each of these situational states, Martin develops an identical five-step process to determine the best decision to make. The steps of this process include: • Change-Needing Situational Analysis • Challenge Framing & Causal Analysis • Generating Solution Ideas • Choosing a Solution Set • Implementation and Aftermath Planning This book will appeal to decision makers, leaders, and students of management who want a specific framework that details the process behind making strategic, well-informed decisions.

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.

Information Technology Investment

Information Technology Investment
Author: Marc J. Schniederjans,Jamie L. Hamaker,Ashlyn M. Schniederjans
Publsiher: World Scientific
Total Pages: 442
Release: 2010
ISBN 10: 981428257X
ISBN 13: 9789814282574
Language: EN, FR, DE, ES & NL

Information Technology Investment Book Review:

From the individual to the largest organization, everyone today has to make investments in IT. Making a smart investment that will best satisfy all the necessary decision-making criteria requires careful and inclusive analysis. This textbook provides an up-to-date, in-depth understanding of the methodologies available to aid in this complex process of multi-criteria decision-making. It guides readers on the process of technology acquisition ? what methods to use to make IT investment decisions, how to choose the technology and justify its selection, and how the decision will impact the organization.Unique to this textbook are both financial investment models and more complex decision-making models from the field of management science so that readers can extend the analysis benefits to enhance and confirm their IT investment choices. The wide range of methodologies featured in the book gives readers the opportunity to customize their best-fit solutions for their unique IT decision situation. This textbook is especially ideal for educators and students involved in programs dealing with technology management, operations management, applied finance, operations research, and industrial engineering.A complimentary copy of the ?Instructor's Manual and Test Bank? and the PowerPoint presentations of the text materials are available for all instructors who adopt this book as a course text. Please send your request to [email protected]

Simple Heuristics that Make Us Smart

Simple Heuristics that Make Us Smart
Author: Gerd Gigerenzer,Peter M. Todd,ABC Research Group
Publsiher: Oxford University Press
Total Pages: 432
Release: 2000-10-12
ISBN 10: 0190286768
ISBN 13: 9780190286767
Language: EN, FR, DE, ES & NL

Simple Heuristics that Make Us Smart Book Review:

Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is about fast and frugal heuristics--simple rules for making decisions when time is pressing and deep thought an unaffordable luxury. These heuristics can enable both living organisms and artificial systems to make smart choices, classifications, and predictions by employing bounded rationality. But when and how can such fast and frugal heuristics work? Can judgments based simply on one good reason be as accurate as those based on many reasons? Could less knowledge even lead to systematically better predictions than more knowledge? Simple Heuristics explores these questions, developing computational models of heuristics and testing them through experiments and analyses. It shows how fast and frugal heuristics can produce adaptive decisions in situations as varied as choosing a mate, dividing resources among offspring, predicting high school drop out rates, and playing the stock market. As an interdisciplinary work that is both useful and engaging, this book will appeal to a wide audience. It is ideal for researchers in cognitive psychology, evolutionary psychology, and cognitive science, as well as in economics and artificial intelligence. It will also inspire anyone interested in simply making good decisions.

Harvard Business School Bulletin

Harvard Business School Bulletin
Author: Anonim
Publsiher: Unknown
Total Pages: 329
Release: 1998
ISBN 10:
ISBN 13: UCLA:L0081320020
Language: EN, FR, DE, ES & NL

Harvard Business School Bulletin Book Review:

Field Guide to Project Management

Field Guide to Project Management
Author: David I. Cleland
Publsiher: John Wiley & Sons Incorporated
Total Pages: 635
Release: 2004-07-29
ISBN 10:
ISBN 13: UCSD:31822033199951
Language: EN, FR, DE, ES & NL

Field Guide to Project Management Book Review:

Publisher Description

In the Bubble

In the Bubble
Author: John Thackara
Publsiher: MIT Press
Total Pages: 332
Release: 2006-02-17
ISBN 10: 0262250373
ISBN 13: 9780262250375
Language: EN, FR, DE, ES & NL

In the Bubble Book Review:

How to design a world in which we rely less on stuff, and more on people. We're filling up the world with technology and devices, but we've lost sight of an important question: What is this stuff for? What value does it add to our lives? So asks author John Thackara in his new book, In the Bubble: Designing for a Complex World. These are tough questions for the pushers of technology to answer. Our economic system is centered on technology, so it would be no small matter if "tech" ceased to be an end-in-itself in our daily lives. Technology is not going to go away, but the time to discuss the end it will serve is before we deploy it, not after. We need to ask what purpose will be served by the broadband communications, smart materials, wearable computing, and connected appliances that we're unleashing upon the world. We need to ask what impact all this stuff will have on our daily lives. Who will look after it, and how? In the Bubble is about a world based less on stuff and more on people. Thackara describes a transformation that is taking place now—not in a remote science fiction future; it's not about, as he puts it, "the schlock of the new" but about radical innovation already emerging in daily life. We are regaining respect for what people can do that technology can't. In the Bubble describes services designed to help people carry out daily activities in new ways. Many of these services involve technology—ranging from body implants to wide-bodied jets. But objects and systems play a supporting role in a people-centered world. The design focus is on services, not things. And new principles—above all, lightness—inform the way these services are designed and used. At the heart of In the Bubble is a belief, informed by a wealth of real-world examples, that ethics and responsibility can inform design decisions without impeding social and technical innovation.

The Truth About Making Smart Decisions

The Truth About Making Smart Decisions
Author: Robert E. Gunther
Publsiher: FT Press
Total Pages: 35
Release: 2008-04-04
ISBN 10: 0137002092
ISBN 13: 9780137002092
Language: EN, FR, DE, ES & NL

The Truth About Making Smart Decisions Book Review:

This is the eBook version of the printed book. If the print book includes a CD-ROM, this content is not included within the eBook version. We tend to be somewhat risk averse as a species. We are systematic and logical, which sometimes makes us overcautious. Sure, look a decision squarely in the face. Consider it from every angle, but also focus on the intangibles that might be harder to place into a systematic equation of risks and returns. After you've done a careful analysis, step back. Maybe the crazy decision is the right one. Don't underestimate the power of deciding boldly. These essential truths help you to learn the brave way to make complex and critical decisions.

Simple Rules

Simple Rules
Author: Donald Sull,Kathleen M. Eisenhardt
Publsiher: Houghton Mifflin Harcourt
Total Pages: 288
Release: 2015-04-21
ISBN 10: 0544409906
ISBN 13: 9780544409903
Language: EN, FR, DE, ES & NL

Simple Rules Book Review:

Outlines an approach to high-performance problem-solving and decision-making that draws on insights from survival guides, pop culture and other sources. Co-written by the award-winning author of The Upside of Turbulence. 75,000 first printing.