Bounded rationality and satisficing in young people's Web-based decision making

2001 ◽  
Vol 53 (1) ◽  
pp. 16-27 ◽  
Author(s):  
Denise E. Agosto
Keyword(s):  
Decision Making ◽  
Bounded Rationality ◽  
Web Based

Reasonable Bounds on Rationality

2020 ◽  
Author(s):  
Igor Grossmann ◽  
Richard Eibach
Keyword(s):  
Decision Making ◽  
Bounded Rationality ◽  
Cognitive Resources ◽  
Previous Theory ◽  
Making Choices ◽  
Points Of View ◽  
Sound Judgment

Previous theory and research on bounded rationality has emphasized how limited cognitive resources constrain people from making utility maximizing choices. This paper expands the concept of bounded rationality to consider how people’s rationality may be constrained by their internalization of a qualitatively distinct standard for sound judgment, which is commonly labeled reasonableness. In contrast to rationality, the standard of reasonableness provides guidance for making choices in situations that involve balancing incommensurable values and interests or reconciling conflicting points-of-view. We review recent evidence showing that laypeople readily recognize the distinctions between rationality and reasonableness and thus are able to utilize these as distinct standards to inform their everyday decision-making. The fact that people appear to have internalized rationality and reasonableness as distinct standards of sound judgment supports the notion that people’s pursuit of rationality may be bounded by their determination to also be reasonable.

Beyond Bounded Rationality: CEO Reflective Capacity and Firm Sustainability Performance

2021 ◽  
pp. 1-38
Author(s):  
Yingya Jia ◽  
Anne S. Tsui ◽  
Xiaoyu Yu
Keyword(s):  
Decision Making ◽  
Bounded Rationality ◽  
Three Dimensional ◽  
Strategic Decision ◽  
Future Research ◽  
Sustainability Performance ◽  
Business Executives ◽  
Dimensional Measure ◽  
Reflective Capacity ◽  
Mediating Mechanisms

ABSTRACT Optimal or rational decision making is not possible due to informational constraints and limits in computation capability of humans (March & Simon, 1958; March, 1978). This bounded rationality serves as a filtering process in decision making among business executives (Hambrick & Mason, 1984). In this study, we propose the concept of CEO reflective capacity as a behavior-oriented cognitive capability that may overcome to some extent the pervasive limitation of bounded rationality in executive decision-making. Following Hinkin's (1998) method and two executive samples, we developed and validated a three-dimensional measure of CEO reflective capacity. Based on two-wave surveys of CEOs and their executive-subordinates in 213 Chinese small-medium sized firms, we tested and confirmed three hypotheses on how CEO reflective capacity is related to a firm's sustainability performance (including economic, societal, and environmental dimensions) through the mediating mechanisms of strategic decision comprehensiveness and CEO behavioral complexity. We discuss the contribution of this study to the literature on the upper echelons and information processing perspectives. We also identify the implications for future research on strategic leadership and managerial cognition in complex and dynamic contexts.

scholarly journals Development of an electronic conversation aid to support shared decision making for children with acute otitis media

JAMIA Open ◽  
2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Jana L Anderson ◽  
e Silva Lucas Oliveira J ◽  
Juan P Brito ◽  
Ian G Hargraves ◽  
Erik P Hess
Keyword(s):  
Decision Making ◽  
Shared Decision Making ◽  
Otitis Media ◽  
Acute Otitis Media ◽  
Medical Knowledge ◽  
Complication Rates ◽  
Shared Decision ◽  
Web Based ◽  
Quality Issue ◽  
The Impact

Abstract Objective The overuse of antibiotics for acute otitis media (AOM) in children is a healthcare quality issue in part arising from conflicting parent and physician understanding of the risks and benefits of antibiotics for AOM. Our objective was to develop a conversation aid that supports shared decision making (SDM) with parents of children who are diagnosed with non-severe AOM in the acute care setting. Materials and Methods We developed a web-based encounter tool following a human-centered design approach that includes active collaboration with parents, clinicians, and designers using literature review, observations of clinical encounters, parental and clinician surveys, and interviews. Insights from these processes informed the iterative creation of prototypes that were reviewed and field-tested in patient encounters. Results The ear pain conversation aid includes five sections: (1) A home page that opens the discussion on the etiologies of AOM; (2) the various options available for AOM management; (3) a pictograph of the impact of antibiotic therapy on pain control; (4) a pictograph of complication rates with and without antibiotics; and (5) a summary page on management choices. This open-access, web-based tool is located at www.earpaindecisionaid.org. Conclusions We collaboratively developed an evidence-based conversation aid to facilitate SDM for AOM. This decision aid has the potential to improve parental medical knowledge of AOM, physician/parent communication, and possibly decrease the overuse of antibiotics for this condition.

DETERMINISTIC-BASED SHIP ANTI-COLLISION ROUTE OPTIMIZATION WITH WEB-BASED APPLICATION

2021 ◽  
Vol 161 (A4) ◽  
Author(s):  
R Fışkın ◽  
E Nasibov ◽  
M O Yardımcı
Keyword(s):  
Decision Making ◽  
Collision Avoidance ◽  
Traffic Engineering ◽  
Human Error ◽  
Experimental Tests ◽  
Route Optimization ◽  
Process Automation ◽  
International Regulation ◽  
Web Based ◽  
Ship Traffic

Most of the accidents are caused by human error at sea so, decision making process made by navigators should be more computerised and automated. The supported decision making can be a step forward to decrease the risk of collision. This paper, in this respect, aims to present a deterministic approach to support optimum collision avoidance trajectory. This approach involves a collision avoidance course alteration. A web-based application coded with "JavaScript" programming language on the "Processing" software platform which allows the own ship to change her course in a deterministic manner to avoid collision optimally has been introduced. Algorithm structure of the method has been formulated and organized according to the International Regulation for Preventing Collision at Sea (COLREGs). The experimental tests results have revealed that the system is practicable and feasible and considerably outperforms heuristic-based method. It is thought that the developed method can be applied in an intelligent avoidance system on board and provides contribution to ship collision avoidance process, automation of ship motion control and ship traffic engineering.

Information Exchange (IE) Among Multi-Stakeholders for Improving Decision Making

2021 ◽  
Author(s):  
◽  
Ali Bazarah
Keyword(s):  
Decision Making ◽  
Information Exchange ◽  
Qualitative Evaluation ◽  
Decision Making Process ◽  
Actual Behavior ◽  
Good Theory ◽  
Multiple Stakeholders ◽  
Web Based ◽  
Mixed Methods Approach ◽  
Needed Information

Information Exchange (IE) is an important area of research in Information System (IS), yet there is a lack of theory that explains it. Existing studies usually borrow different theories from other fields to explain IE, but these theories describe the aspects that are associated with IE, not the actual behavior of IE. Additionally, a framework that guides the design of an IE platform to support IE among multiple stakeholders with the purpose of improving the decision-making process does not exist. To address these literature gaps, this dissertation first proposes a theory of Information Exchange (ToIE) to explain IE behavior and its impact on the decision-making process among multi-stakeholders. A qualitative evaluation of ToIE demonstrates that it meets the virtues of a good theory. Second, this dissertation develops an Information Exchange Decision Support (IEDS) framework that can guide the design of IE platforms for multiple stakeholders. The qualitative evaluation shows that the IEDS framework is useful for identifying the stakeholders, specifying the needed information to be exchanged, and maintaining the needed system factors necessary for IE. The IEDS framework is further instantiated to an IE platform named SES-IE. The SES-IE platform is a web-based application that facilitates the information exchange among scholarship organizations, employers, and students, and supports their decision-making process. The SES-IE platform was evaluated using a mixed-methods approach to measure the usability, usefulness, and satisfaction of the system. The successful instantiation of the SES-IE platform shows that the IEDS framework is useful for building an effective IE platform. This dissertation makes theoretical and practical contributions.

scholarly journals A new web-based framework development for fuzzy multi-criteria group decision-making

SpringerPlus ◽  
2016 ◽  
Vol 5 (1) ◽  
Author(s):  
Mohamed Hanine ◽  
Omar Boutkhoum ◽  
Abdessadek Tikniouine ◽  
Tarik Agouti
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Web Based ◽  
Framework Development
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