Abstract
Traditionally, the DM process under uncertainty was explored using the DM paradigm to choose one from two or more alternatives, and human’s irrational DM was modeled using a variety of cognitive biases such as certainty effect or common ratio effect. However, until now, no attempt has been made to generalize such a DM process. Moreover, there are many cases where it is difficult to choose one of the two alternatives. When the preference of each alternative is nearly equal, it is difficult to make decision on which alternative to take. This forces us to loose important information that is necessary for investigating more detailed characteristics of DM process. In such a case, it is recommended that the preference for each alternative should be expressed numerically. Such an evaluation of alternatives has not been tried until now. This study attempted to propose a new approach to decision making process to get more into the insight of the DM process.
| Original language | English |
|---|---|
| Title of host publication | Advances in Cross-Cultural Decision Making - Proceedings of the AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017 |
| Publisher | Springer Verlag |
| Pages | 54-63 |
| Number of pages | 10 |
| Volume | 610 |
| ISBN (Print) | 9783319607467 |
| DOIs | |
| Publication status | Published - 2018 |
| Event | AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017 - Los Angeles, United States Duration: Jul 17 2017 → Jul 21 2017 |
Publication series
| Name | Advances in Intelligent Systems and Computing |
|---|---|
| Volume | 610 |
| ISSN (Print) | 2194-5357 |
Other
| Other | AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017 |
|---|---|
| Country | United States |
| City | Los Angeles |
| Period | 7/17/17 → 7/21/17 |
Fingerprint
Keywords
- Behavioral economics
- Choice of alternative
- Decision making (DM)
- Detailed process of DM
- Preference of alternative
ASJC Scopus subject areas
- Control and Systems Engineering
- Computer Science(all)
Cite this
New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives. / Murata, Atsuo.
Advances in Cross-Cultural Decision Making - Proceedings of the AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017. Vol. 610 Springer Verlag, 2018. p. 54-63 (Advances in Intelligent Systems and Computing; Vol. 610).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives
AU - Murata, Atsuo
PY - 2018
Y1 - 2018
N2 - Traditionally, the DM process under uncertainty was explored using the DM paradigm to choose one from two or more alternatives, and human’s irrational DM was modeled using a variety of cognitive biases such as certainty effect or common ratio effect. However, until now, no attempt has been made to generalize such a DM process. Moreover, there are many cases where it is difficult to choose one of the two alternatives. When the preference of each alternative is nearly equal, it is difficult to make decision on which alternative to take. This forces us to loose important information that is necessary for investigating more detailed characteristics of DM process. In such a case, it is recommended that the preference for each alternative should be expressed numerically. Such an evaluation of alternatives has not been tried until now. This study attempted to propose a new approach to decision making process to get more into the insight of the DM process.
AB - Traditionally, the DM process under uncertainty was explored using the DM paradigm to choose one from two or more alternatives, and human’s irrational DM was modeled using a variety of cognitive biases such as certainty effect or common ratio effect. However, until now, no attempt has been made to generalize such a DM process. Moreover, there are many cases where it is difficult to choose one of the two alternatives. When the preference of each alternative is nearly equal, it is difficult to make decision on which alternative to take. This forces us to loose important information that is necessary for investigating more detailed characteristics of DM process. In such a case, it is recommended that the preference for each alternative should be expressed numerically. Such an evaluation of alternatives has not been tried until now. This study attempted to propose a new approach to decision making process to get more into the insight of the DM process.
KW - Behavioral economics
KW - Choice of alternative
KW - Decision making (DM)
KW - Detailed process of DM
KW - Preference of alternative
UR - http://www.scopus.com/inward/record.url?scp=85021713757&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85021713757&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-60747-4_6
DO - 10.1007/978-3-319-60747-4_6
M3 - Conference contribution
AN - SCOPUS:85021713757
SN - 9783319607467
VL - 610
T3 - Advances in Intelligent Systems and Computing
SP - 54
EP - 63
BT - Advances in Cross-Cultural Decision Making - Proceedings of the AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017
PB - Springer Verlag
ER -