Choong Nyoung Kim and Raymond McLeod, Jr. Analysis of human judgment and decision making provides useful methodologies for examining the human decision process and substantive results. One such ...

This paper considers the consequences of errors in the cost function which underlies linear decision rules generally and in particular those developed by Holt, c.s., for the paint factory case. By ...

There are two main approaches to decision making in business. The rational approach based on logic and analysis is favored by many business schools. In practice, most decisions are made using an ...

Many organizations implementing AI agents tend to focus too narrowly on a single decision-making model, falling into the trap of assuming a one-size-fits-all decision-making framework, one that ...