influence of information on behavioral effects in decision processes

Clicks: 127
ID: 226066
2015
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Ranked #28 of 29 articles by views in dokuz eylül Üniversitesi İktisadi ve İdari bilimler fakültesi dergisi

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Abstract
Rational models in decision processes are marked out by many anomalies, caused by behavioral issues. We point out the importance of information in causing inconsistent preferences in a decision process. In a single or multi agent decision process each mental model is influenced by the presence, the absence or false information about the problem or about other members of the decision making group. The difficulty in modeling these effects increases because behavioral biases influence also the modeler. Behavioral Operational Research (BOR) studies these influences to create efficient models to define choices in similar decision processes.
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longo2015ratioinfluence Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Angelarosa Longo;Viviana Ventre
Journal dokuz eylül Üniversitesi İktisadi ve İdari bilimler fakültesi dergisi
Year 2015
DOI
10.23755/rm.v28i1.26
URL
http://eiris.it/ojs/index.php/ratiomathematica/article/view/26
Keywords
mathematical statistics information in decision processesmathematicsprobabilities

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