scholarly journals Two Cases of Failure in Merger: Is it Over Confidence?

2011 ◽  
pp. 98-104
Author(s):  
Kalpataru Bandopadhyay
Keyword(s):  
Decision Making ◽  
Mergers And Acquisitions ◽  
High Rate ◽  
Decision Making Process ◽  
Due Diligence ◽  
Indian Context ◽  
The World ◽  
Rate Of Failure

There were high rate of failure in mergers and acquisitions all over the world. Even after due diligence conducted by own qualified staffs and by expert consulting firm, the calculation may go wrong. Many researchers observed behavioural biasness during the decision making process of the deal as one of the causes of such failure. Here, the paper makes an attempt to identify human biasness in relation to decisions regarding mergers with the help of analysing two cases in Indian context. The said mergers could not succeed apparently due to the underestimation of risk by the acquirer probably arising out of the overconfidence.

scholarly journals Use of Linked Data principles for semantic management of scanned documents

2016 ◽  
Vol 28 (2) ◽  
pp. 241-251 ◽  
Author(s):  
Luciane Lena Pessanha Monteiro ◽  
Mark Douglas de Azevedo Jacyntho
Keyword(s):  
Decision Making ◽  
Knowledge Base ◽  
Web Application ◽  
Linked Data ◽  
World Wide ◽  
Decision Making Process ◽  
Whole Process ◽  
The World ◽  
Scanned Documents ◽  
The Web

The study addresses the use of the Semantic Web and Linked Data principles proposed by the World Wide Web Consortium for the development of Web application for semantic management of scanned documents. The main goal is to record scanned documents describing them in a way the machine is able to understand and process them, filtering content and assisting us in searching for such documents when a decision-making process is in course. To this end, machine-understandable metadata, created through the use of reference Linked Data ontologies, are associated to documents, creating a knowledge base. To further enrich the process, (semi)automatic mashup of these metadata with data from the new Web of Linked Data is carried out, considerably increasing the scope of the knowledge base and enabling to extract new data related to the content of stored documents from the Web and combine them, without the user making any effort or perceiving the complexity of the whole process.

Simulation of consumers decision-making process using agent-based model approach

2019 ◽  
Vol 10 (06) ◽  
pp. 1950037
Author(s):  
Daniel Soto Forero ◽  
Yony F. Ceballos ◽  
German Sànchez Torres
Keyword(s):  
Decision Making ◽  
Fuzzy Logic ◽  
Real Data ◽  
World Market ◽  
Decision Making Process ◽  
Agent Based ◽  
Dynamic Social Network ◽  
Proposed Model ◽  
The World ◽  
Model Approach

This paper describes a model to simulate the decision-making process of consumers that adopts technology within a dynamic social network. The proposed model use theories and tools from the psychology of consumer behavior, social networks and complex dynamical systems like the Consumat framework and fuzzy logic. The model has been adjusted using real data, tested with the automobile market and it can recreate trends like those described in the world market.

scholarly journals Cancer Surgery in the Elderly

2012 ◽  
Vol 2012 ◽  
pp. 1-9 ◽  
Author(s):  
Gopal C. Kowdley ◽  
Nishant Merchant ◽  
James P. Richardson ◽  
Justin Somerville ◽  
Myriam Gorospe ◽  
...  
Keyword(s):  
Decision Making ◽  
Elderly Patients ◽  
The Elderly ◽  
Cancer Surgery ◽  
Decision Making Process ◽  
Benefit Ratio ◽  
Patients With Cancer ◽  
The World ◽  
Surgery In The Elderly ◽  
Surgical Treatments

The proportions both of elderly patients in the world and of elderly patients with cancer are both increasing. In the evaluation of these patients, physiologic age, and not chronologic age, should be carefully considered in the decision-making process prior to both cancer screening and cancer treatment in an effort to avoid ageism. Many tools exist to help the practitioner determine the physiologic age of the patient, which allows for more appropriate and more individualized risk stratification, both in the pre- and postoperative periods as patients are evaluated for surgical treatments and monitored for surgical complications, respectively. During and after operations in the oncogeriatric populations, physiologic changes occuring that accompany aging include impaired stress response, increased senescence, and decreased immunity, all three of which impact the risk/benefit ratio associated with cancer surgery in the elderly.

scholarly journals A Turing test for free will

2012 ◽  
Vol 370 (1971) ◽  
pp. 3597-3610 ◽  
Author(s):  
Seth Lloyd
Keyword(s):  
Decision Making ◽  
Quantum Mechanics ◽  
Free Will ◽  
Decision Maker ◽  
Turing Test ◽  
Decision Making Process ◽  
Theory Of Computation ◽  
Alan Turing ◽  
The World ◽  
Decision Making Processes

Before Alan Turing made his crucial contributions to the theory of computation, he studied the question of whether quantum mechanics could throw light on the nature of free will. This paper investigates the roles of quantum mechanics and computation in free will. Although quantum mechanics implies that events are intrinsically unpredictable, the ‘pure stochasticity’ of quantum mechanics adds randomness only to decision-making processes, not freedom. By contrast, the theory of computation implies that, even when our decisions arise from a completely deterministic decision-making process, the outcomes of that process can be intrinsically unpredictable, even to—especially to—ourselves. I argue that this intrinsic computational unpredictability of the decision-making process is what gives rise to our impression that we possess free will. Finally, I propose a ‘Turing test’ for free will: a decision-maker who passes this test will tend to believe that he, she, or it possesses free will, whether the world is deterministic or not.

scholarly journals CHALLENGES FACED BY THE WTO’S ECONOMIC SYSTEM IN TRADE IN SERVICES NEGOTIATIONS

2019 ◽  
Vol 4 (8) ◽  
pp. 121-125
Author(s):  
Nino Parsadanishvili
Keyword(s):  
Decision Making ◽  
International Trade ◽  
World Trade Organization ◽  
World Trade ◽  
Developed Countries ◽  
Decision Making Process ◽  
Special Focus ◽  
Trade In Services ◽  
Least Developed Countries ◽  
The World

resent paper focuses on current crises in international trade in services negotiations from the perspective of consideration of trading interests of developing and least developed countries in line with the operational agenda of the World Trade Organization (WTO). Through the analysis of the existing international legal texts and scholarly works particular attention is paid to the different rounds of trade in services negotiations in parallel to the consideration of the results of relevant ministerial conferences of the World Trade Organization, drawing attention to the situation with regards of consideration of the interests of developing and least developed country members of the WTO. Special focus is paid to the complexity of the decision making process and it’s complication over time due to increased participation of parties concerned in the process of trade in services negotiations resulting in no progress in the overall process. Next to analyzing the challenges faced by the WTO in trade in services negotiations, especially in terms of considering the interests of developing and least developed countries, paper shows the ways that could be used during 2020 Kazakhstan Ministerial Conference of the World Trade Organization for finding solutions to simplify the decision making process and establish freer international trade in services by the way of either implying new approaches in interpreting the existing multilateral treaties that deal with trade in services between all member states of the WTO or deepening the discussions on a new plurilateral agreement helping the organization to overcome the stagnated process of trade in services negotiations and therefore ensuring the compliance with it’s own operational goals.

Effects of Cross-border Merger and Acquisition on the Operational Risk of US and Canadian Companies

2020 ◽  
pp. 097215091989509
Author(s):  
Bruno Lopes de Paula ◽  
Daiana Paula Pimenta ◽  
Ricardo Limongi França Coelho ◽  
Jaluza Maria Lima Silva Borsatto ◽  
Rafael Manoel de Oliveira
Keyword(s):  
Decision Making ◽  
Panel Data ◽  
Mergers And Acquisitions ◽  
Emerging Economies ◽  
Operational Risk ◽  
Merger And Acquisition ◽  
Emerging Countries ◽  
Cross Border ◽  
The World ◽  
The Relationship

The integration of the world economies is responsible for an increase in the number of cross-border mergers and acquisitions (M&A), together with the growing participation of companies from emerging countries in this type of investment. However, the area studies focus their analyses on the determinants, antecedents and profitability of the companies, leaving the effects of this type of business on the operational risk of the companies involved as a gap to be explored. To fill it, we used panel data regressions to identify the relationship between cross-border M&A and the operational risk of companies. The results indicate that acquiring companies based in emerging economies are the ones that suffer the most significant impacts on this type of business. As the implication, this study serves as a basis for the decision-making of the managers of the acquiring companies, being able to identify the risks of this activity and the ways of preventing them.

Decision-Making Cognitive Process

2018 ◽  
Vol 3 (1) ◽  
pp. 1-12
Author(s):  
Thais Spiegel ◽  
Ana Carolina P V Silva
Keyword(s):  
Decision Making ◽  
Cognitive Process ◽  
Decision Makers ◽  
Time Constraints ◽  
Decision Making Process ◽  
Cognitive Limitations ◽  
The World ◽  
Human Decision ◽  
Per Se ◽  
Rationality Theory

In the study of decision-making, the classical view of behavioral appropriateness or rationality was challenged by neuro and psychological reasons. The “bounded rationality” theory proposed that cognitive limitations lead decision-makers to construct simplified models for dealing with the world. Doctors' decisions, for example, are made under uncertain conditions, as without knowing precisely whether a diagnosis is correct or whether a treatment will actually cure a patient, and often under time constraints. Using cognitive heuristics are neither good nor bad per se, if applied in situations to which they have been adapted to be helpful. Therefore, this text contextualizes the human decision-making perspective to find descriptions that adhere more closely to the human decision-making process. Then, based on a literature review of cognition during decision-making, particularly in healthcare context, it addresses a model that identifies the roles of attention, categorization, memory, emotion, and their inter-relations, during the decision-making process.

scholarly journals A Methodological Approach for Evaluating Brownfield Redevelopment Projects

Urban Science ◽  
2019 ◽  
Vol 3 (2) ◽  
pp. 45 ◽  
Author(s):  
Cappai ◽  
Forgues ◽  
Glaus
Keyword(s):  
Decision Making ◽  
Methodological Approach ◽  
Decision Making Process ◽  
Evaluation Tool ◽  
Specific Context ◽  
Brownfield Redevelopment ◽  
Policy Makers ◽  
Effective Evaluation ◽  
The World ◽  
The City

In recent decades, municipalities around the world have been developing community policies and seeking to apply them in their cities. They use methods for exchanging information and opinions on decisions, policies, plans and strategies and involve and consult with the community and stakeholders in all aspects of the decision-making process. The application of methods for thoughtful planning has become the goal of policy makers to improve the lives of citizens and stop the expansion of the city into the countryside. The aim of this article is to integrate the notion of sustainability into a methodological approach, taking into account the actors involved in the decision-making phases, the objectives, and the local indicators in an urban redevelopment project (brownfield). Our approach is based on an analysis of 21 articles and on a transversal and cross-cutting view of the interdisciplinary themes of sustainable development by inserting the main actors into decision-making in urban projects and by selecting local indicators. We put in place a methodological approach for the evaluation of urban projects that takes into account local expectations. The goal is to identify and classify the elements that are needed for decision making, including the indicators related to environmental and socio-economic components, in order to develop an effective evaluation tool. This research contributes to the knowledge of project evaluation tools in the specific context of a city.

scholarly journals A New Informatics Geography

2016 ◽  
Vol 25 (01) ◽  
pp. 251-255 ◽  
Author(s):  
E. Coiera
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Expected Utility ◽  
First Principles ◽  
Task Completion ◽  
Decision Making Process ◽  
Task Space ◽  
New Information ◽  
The World ◽  
Unanticipated Consequences

Summary Introduction: Anyone with knowledge of information systems has experienced frustration when it comes to system implementation or use. Unanticipated challenges arise frequently and unanticipated consequences may follow. Objective: Working from first principles, to understand why information technology (IT) is often challenging, identify which IT endeavors are more likely to succeed, and predict the best role that technology can play in different tasks and settings. Results: The fundamental purpose of IT is to enhance our ability to undertake tasks, supplying new information that changes what we decide and ultimately what occurs in the world. The value of this information (VOI) can be calculated at different stages of the decision-making process and will vary depending on how technology is used. We can imagine a task space that describes the relative benefits of task completion by humans or computers and that contains specific areas where humans or computers are superior. There is a third area where neither is strong and a final joint workspace where humans and computers working in partnership produce the best results. Conclusion: By understanding that information has value and that VOI can be quantified, we can make decisions about how best to support the work we do. Evaluation of the expected utility of task completion by humans or computers should allow us to decide whether solutions should depend on technology, humans, or a partnership between the two.

scholarly journals The Role of Russia in the International Anti-terrorism Cooperation

2016 ◽  
pp. 43-51
Author(s):  
A A Uraniyan
Keyword(s):  
Decision Making ◽  
International Law ◽  
The State ◽  
Decision Making Process ◽  
Foreseeable Future ◽  
The World

This article examines the role of Russia in the international anti-terrorism cooperation. The author analyzes Russian anti-terrorist activities since the war in Chechnya in 1990s till nowadays. The article notes that the state performs regularly with useful profile initiatives on the world arena and operates within the framework of the international law in the decision making process and during the operations. Particular attention is paid to the events that occurred in 2015, when Russia began a struggle against terrorism in Syria, becoming the only state that carries out anti-terrorist actions according to the official handling of the legitimate president of Syria: the author evaluates the data of events and makes forecast on the development of the situation in the foreseeable future.

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