Experimental Studies Of Interactive Decisions

Author : Amnon Rapoport
Publisher : Springer Science & Business Media
Page : 442 pages
File Size : 50,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400919921

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Experimental Studies of Interactive Decisions by Amnon Rapoport Pdf

This book is about the interplay of theory and experimentation on group decision making in economics. The theories that the book subjects to experimental testing mostly come from the theory of games. The decisions investigated in the book mostly concern economic interaction like strict competition. two-person bargaining. and coalition formation. The underlying philosophy of the articles collected in this book is consistent with the opinion of a growing number of economists and psychologists that economic issues cannot be understood fully just by thinking about them. Rather. the interplay between theory and experimentation is critical for the development of economics as an observational science (Smith. 1989). Reports of laboratory experiments in decision making and economics date back more than thirty years (e.g .• Allais. 1953; Davidson. Suppes. and Siegel. 1957; Flood. 1958; Friedman. 1%3; Kalisch. Milnor. Nash. and Nering. 1954; Lieberman. 1%0; Mosteller and Nogee. 1951; Rapoport. Chammah. Dwyer. and Gyr. I %2; Siegel and Fouraker. I %0; Stone. 1958). However. only in the last ten or fifteen years has laboratory experimentation in economics started its steady transformation from an occasional curiosity into a regular means for investigating various economic phenomena and examining the role of economic institutions. Groups of researchers in the USA and abroad have used experimental methods with increasing sophistication to attack economic problems that arise in individual decision making under risk. two-person bargaining.

Author : Hassan Qudrat-Ullah
Publisher : Springer
Page : 252 pages
File Size : 42,5 Mb
Release : 2014-06-16
Category : Science
ISBN : 9783319079868

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Better Decision Making in Complex, Dynamic Tasks by Hassan Qudrat-Ullah Pdf

Computer simulation-based education and training is a multi-billion dollar industry. With the increased complexity of organizational decision making, projected demand for computer simulation-based decisional aids is on the rise. The objective of this book is to enhance systematically our understanding of and gain insights into the general process by which human facilitated ILEs are effectively designed and used in improving users’ decision making in dynamic tasks. This book is divided into four major parts. Part I serves as an introduction to the subject of “decision making in dynamic tasks”, its importance and its complexity. Part II provides background material, drawing upon the relevant literature, for the development of an integrated process model on the effectiveness of human facilitated ILEs in improving decision making in dynamic tasks. Part III focuses on the design, development and application of Fish Bank ILE, in laboratory experiments, to gather empirical evidence for the validity of the process model. Finally, part IV presents a comprehensive analysis of the gathered data to provide a powerful basis for understating important phenomena of training with human facilitated simulation-based learning environments, thereby, help to drive critical lessons to be learned. This book provides the reader with both a comprehensive understanding of the phenomena encountered in decision making with human facilitated ILEs and a unique way of studying the effects of these phenomena on people’s ability to make better decision in complex, dynamic tasks. This book is intended to be of use to managers and practitioners, researchers and students of dynamic decision making. The background material of Part II provides a solid base to understand and organize the existing experimental research literature and approaches.

Author : Amnon Rapoport,Eyran J. Gisches,Vincent Mak
Publisher : Cambridge Scholars Publishing
Page : 597 pages
File Size : 46,6 Mb
Release : 2022-03-09
Category : Business & Economics
ISBN : 9781527579149

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Strategic Decisions in Directed Networks by Amnon Rapoport,Eyran J. Gisches,Vincent Mak Pdf

This book collects and integrates the results of an extensive research program conducted by the authors over the past two decades. It spans the disciplines of transportation science, operations management, and behavioral economics, and consists of 16 chapters previously published in peer-reviewed academic journals and grouped under three topical sections: queueing, route choice, and departure time. The book focuses on strategic interactions in directed networks and laboratory experiments carefully designed to test the descriptive validity of the underlying theoretical models. The research question that unifies the chapters is: do the conclusions of theoretical literature account for the decisions of network users in controlled laboratory experiments? With several major qualifications, this book answers this question affirmatively.

Author : Vincent Barabba
Publisher : Triarchy Press
Page : 288 pages
File Size : 53,7 Mb
Release : 2011-11-15
Category : Business & Economics
ISBN : 9781908009647

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Decision Loom by Vincent Barabba Pdf

An elegantly simple approach to making better decisions in organizations

Author : Jella Pfeiffer
Publisher : Springer Science & Business Media
Page : 250 pages
File Size : 41,9 Mb
Release : 2011-12-23
Category : Computers
ISBN : 9783790827699

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Interactive Decision Aids in E-Commerce by Jella Pfeiffer Pdf

This book gives recommendations on which interactive decision aids to offer in webstores. Interactive decision aids are tools that help online shoppers to compare and evaluate product information. Consumers can, for instance, exclude products that do not meet certain criteria, they can highlight certain information or they can assign ratings of different kinds. Interactive decision aids are important, because finding the preferred product in a short amount of time increases both the customers’ satisfaction and, in turn, the sales volume.This book includes a detailed description of decision aids, closely studies how decision aids are related to the decision behavior of customers, and develops a comprehensive system of decision aids, which is very flexible, increases both customer satisfaction and confidence, and can be used intuitively. The close link between typical behaviors and the decision aids allows webstores to learn about customers’ decision-making behavior by using a simple click stream analysis. The book is written in an easy-to-read style and provides both practical recommendations and knowledge about consumer behavior

Author : Michail Giannakos
Publisher : Springer Nature
Page : 120 pages
File Size : 55,5 Mb
Release : 2022-09-30
Category : Education
ISBN : 9783031143502

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Experimental Studies in Learning Technology and Child–Computer Interaction by Michail Giannakos Pdf

This book is about the ways in which experiments can be employed in the context of research on learning technologies and child–computer interaction (CCI). It is directed at researchers, supporting them to employ experimental studies while increasing their quality and rigor. The book provides a complete and comprehensive description on how to design, implement, and report experiments, with a focus on and examples from CCI and learning technology research. The topics covered include an introduction to CCI and learning technologies as interdisciplinary fields of research, how to design educational interfaces and visualizations that support experimental studies, the advantages and disadvantages of a variety of experiments, methodological decisions in designing and conducting experiments (e.g. devising hypotheses and selecting measures), and the reporting of results. As well, a brief introduction on how contemporary advances in data science, artificial intelligence, and sensor data have impacted learning technology and CCI research is presented. The book details three important issues that a learning technology and CCI researcher needs to be aware of: the importance of the context, ethical considerations, and working with children. The motivation behind and emphasis of this book is helping prospective CCI and learning technology researchers (a) to evaluate the circumstances that favor (or do not favor) the use of experiments, (b) to make the necessary methodological decisions about the type and features of the experiment, (c) to design the necessary “artifacts” (e.g., prototype systems, interfaces, materials, and procedures), (d) to operationalize and conduct experimental procedures to minimize potential bias, and (e) to report the results of their studies for successful dissemination in top-tier venues (such as journals and conferences). This book is an open access publication.

Author : Pascale Zaraté
Publisher : John Wiley & Sons
Page : 131 pages
File Size : 44,5 Mb
Release : 2013-03-04
Category : Business & Economics
ISBN : 9781848215160

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Tools for Collaborative Decision-Making by Pascale Zaraté Pdf

Decision-making has evolved recently thanks to the introduction of information and communication technologies in many organizations, which has led to new kinds of decision-making processes, called “collaborative decision-making”, at the organizational and cognitive levels. This book looks at the development of the decision-making process in organizations. Decision-aiding and its paradigm of problem solving are defined, showing how decision-makers now need to work in a cooperative way. Definitions of cooperation and associated concepts such as collaboration and coordination are given and a framework of cooperative decision support systems is presented, including intelligent DSS, cooperative knowledge-based systems, workflow, group support systems, collaborative engineering, integrating with a collaborative decision-making model in part or being part of global projects. Several models and experimental studies are also included showing that these new processes have to be supported by new types of tools, several of which are described in order to calculate or simulate solutions or global solutions for decision-making modification. Definitions and new trends for these models are given, along with types of systems. Contents 1. Alteration of Decision-Making Processes in Organizations. 2. New Decision-Making Processes. 3. The Need to Cooperate. 4. Cooperative Decision-Making. 5. Activity Support Systems. 6. Cooperative Decision Support Systems: CDSSS. About the Authors Pascale Zaraté is Professor at Toulouse 1 Capitole University, France. She conducts her research at the IRIT Laboratory and is the Editor-in-Chief of the International Journal of Decision Support Systems Technologies. She is co-chair of the European Working Group on DSS and has published several studies and books.

Author : Steven Silver
Publisher : Routledge
Page : 310 pages
File Size : 48,5 Mb
Release : 2013-11-12
Category : Business & Economics
ISBN : 9781135014810

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Decision-Making Groups and Teams by Steven Silver Pdf

In recent years, there has been increasing implementation of group and team decision-making within organizations, much of it managed electronically, between members of what are "virtual" groups or teams. Recent research into effective team implementation emphasizes "trust" as an intermediary process, and trust must be a part of any account of team decision-making. This book provides an integrated framework that represents process in decision-making by interactive groups and teams. This framework furthers both our understanding of process and our capabilities in implementation, based on an account of group decision-making that differentiates the information types contributing to decision quality and relates them to process in interactive groups and teams. Author Steve Silver emphasizes the social structure that is inherent in the interaction of decision-makers as group or team members and effects on the information they exchange.

Author : Christopher M. Clark
Publisher : Unknown
Page : 418 pages
File Size : 51,7 Mb
Release : 1984
Category : Educational psychology
ISBN : STANFORD:36105005013540

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Teachers' Thought Processes by Christopher M. Clark Pdf

Author : Jos Timmermans
Publisher : Eburon Uitgeverij B.V.
Page : 187 pages
File Size : 47,6 Mb
Release : 2004
Category : Decision making
ISBN : 9789059720220

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Purposive Interaction in Multi-Actor Decision Making by Jos Timmermans Pdf

Author : Herbert Blumberg,M. Valerie Kent,A. Paul Hare,Martin F. Davies
Publisher : Springer Science & Business Media
Page : 362 pages
File Size : 42,8 Mb
Release : 2011-10-05
Category : Psychology
ISBN : 1461400252

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Small Group Research by Herbert Blumberg,M. Valerie Kent,A. Paul Hare,Martin F. Davies Pdf

Small group research is of particularly wide interest to people working in a fairly broad variety of areas concerned with understanding conflict, especially for practitioners and researchers concerned with conflict resolution, peace, and related areas. The editors will focus on six main topical areas of small group research, which include: - Cooperation, competition, and conflict resolution - Coalitions, bargaining, and games - Group dynamics and social cognition - The group and organization - Team performance - Intergroup relations

Author : M. Bacharach,Louis André Gerard-Varet,Philippe Mongin,H.S. Shin
Publisher : Springer Science & Business Media
Page : 392 pages
File Size : 45,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461311393

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Epistemic Logic and the Theory of Games and Decisions by M. Bacharach,Louis André Gerard-Varet,Philippe Mongin,H.S. Shin Pdf

The convergence of game theory and epistemic logic has been in progress for two decades and this book explores this further by gathering specialists from different professional communities, i.e., economics, mathematics, philosophy, and computer science. This volume considers the issues of knowledge, belief and strategic interaction, with each contribution evaluating the foundational issues. In particular, emphasis is placed on epistemic logic and the representative topics of backward induction arguments and syntax/semantics and the logical omniscience problem. Part I of this collection deals with iterated knowledge in the multi-agent context, and more particularly with common knowledge. The first two papers in Part II of the collection address the so-called logical omniscience problem, a problem which has attracted much attention in the recent epistemic logic literature, and is pertinent to some of the issues discussed by decision theorists under the heading 'bounded rationality'. The remaining two chapters of section II provide two quite different angles on the strength of S5 (or the partitional model of information)- and so two different reasons for eschewing the strong form of logical omniscience implicit in S5. Part III gives attention to application to game theory and decision theory.

Author : Jeroen Suijs
Publisher : Springer Science & Business Media
Page : 145 pages
File Size : 41,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461546375

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Cooperative Decision-Making Under Risk by Jeroen Suijs Pdf

In cooperative games, one generally assumes that the agents know exactly the joint (monetary) gains that can be achieved by any possible coalition of cooperating agents. In reality, however, only little is known with certainty. This does not necessarily imply that traditional cooperative game theory cannot be applied in practical situations, for in various cases knowledge of the expected gains suffices. In many other cases, however, it is just the sharing of risk that is beneficial. Joint ventures, for instance, exist since cooperation reduces the risk of the investment for the individual parties. Since the existing models fail to incorporate such risks, they are not suitable for analyzing cooperative decision-making under risk. This book aims to rectify this deficiency by discussing a model of cooperative games with random payoffs.

Author : Oleg I. Larichev,Helen M. Moshkovich
Publisher : Springer Science & Business Media
Page : 267 pages
File Size : 52,9 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9781475726381

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Verbal Decision Analysis for Unstructured Problems by Oleg I. Larichev,Helen M. Moshkovich Pdf

A central problem of prescriptive decision making is the mismatch between the elegant formal models of decision theory and the less elegant, informal thinking of decision makers, especially when dealing with ill-structured situations. This problem has been a central concern of the authors and their colleagues over the past two decades. They have wisely (to my mind) realized that any viable solution must be informed by a deep understanding of both the structural properties of alternative formalisms and the cognitive demands that they impose on decision makers. Considering the two in parallel reduces the risk of forcing decision makers to say things and endorse models that they do not really understand. It opens the door for creative solutions, incorporating insights from both decision theory and cognitive psychology. It is this opportunity that the authors have so ably exploited in this important book. Under the pressures of an interview situation, people will often answer a question that is put to them. Thus, they may be willing to provide a decision consultant with probability and utility assessments for all manner of things. However, if they do not fully understand the implications of what they are saying and the use to which it will be put, then they cannot maintain cognitive mastery of the decision models intended to represent their beliefs and interests.

Author : John H. Kagel,Alvin E. Roth
Publisher : Princeton University Press
Page : 742 pages
File Size : 40,5 Mb
Release : 2020-05-05
Category : Business & Economics
ISBN : 9780691213255

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The Handbook of Experimental Economics by John H. Kagel,Alvin E. Roth Pdf

This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.