New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives

Atsuo Murata

doi:10.1007/978-3-319-60747-4_6

New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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	https://doi.org/10.1007/978-3-319-60747-4_6
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

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)

Access to Document

10.1007/978-3-319-60747-4_6

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Murata, A. (2018). New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives. In Advances in Cross-Cultural Decision Making - Proceedings of the AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017 (Vol. 610, pp. 54-63). (Advances in Intelligent Systems and Computing; Vol. 610). Springer Verlag. https://doi.org/10.1007/978-3-319-60747-4_6

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

Murata, A 2018, New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives. in Advances in Cross-Cultural Decision Making - Proceedings of the AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017. vol. 610, Advances in Intelligent Systems and Computing, vol. 610, Springer Verlag, pp. 54-63, AHFE 2017 International Conference on Cross-Cultural Decision Making, 2017, Los Angeles, United States, 7/17/17. https://doi.org/10.1007/978-3-319-60747-4_6

Murata A. New approach to decision making (DM) -evaluation of DM by not choice but preference of alternatives. In 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). https://doi.org/10.1007/978-3-319-60747-4_6

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