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Rational Choice And Judgment: Decision Analysis For The Decider
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The Tools Needed To Make A Better, More Informed Decision.Decision Analysis (Da) Is The Logic Of Making A Decision Using Quantitative Models Of The Decider'S Factual And Value Judgments. Da Is Already Widely Used In Business, Government, Medicine, Economics, Law, And Science. However, Most Resources Present Only The Logic And Models Rather Than Demonstrating How These Methods Can Be Effectively Applied To The Real World. This Book Offers An Innovative Approach To Decision Analysis By Focusing On Decisionmaking Tools That Can Be Utilized Immediately To Make Better, More Informed Decisions. It Uses No Mathematics Beyond Arithmetic.Examining How Deciders Think About Their Choices, This Book Provides Problemsolving Techniques That Not Only Reflect Sound Modeling But Also Meet Other Essential Requirements: They Build On The Thinking And Knowledge That Deciders Already Possess; They Provide Knowledge In A Form That People Are Able And Willing To Provide; They Produce Results That The Decider Can Use; And They Are Based On Intimate And Continuous Interactions With The Decider. The Methods Outlined In This Text Take Into Account Such Factors As The Use, The User, The Organization, Available Data, And Subjective Knowledge.Replete With Exercises, Case Studies, And Observations From The Authors Own Extensive Consulting Experience, The Book Quickly Engages Readers And Enables Them To Master Decision Analysis By Doing Rather Than By Simply Reading. Using Familiar Situations, It Demonstrates How To Handle Knowledge As It Unfolds In The Real World. A Term Project Is Presented In The Final Chapter, In Which Readers Can Select An Actual Decisionmaking Problem And Apply Their Newfound Tools To Prepare A Recommendation. A Sample Report Is Provided In The Appendix.Beginning With Qualitative Structuring, The Text Advances To Sophisticated Quantitative Skills That Can Be Applied In Both Public And Private Enterprise, Including: Modeling Decisionmaking Under Conditions Of Uncertainty Or Multiple Objectives Risk Analysis And Assessment Communicating And Justifying Controversial Decisions Personal Life Choices And Political Judgments Adapting Decision Aid To Organizationsthe Book'S Broad Applicability Makes It An Excellent Resource For Any Organization Or As A Textbook For Decisionmaking Courses In A Variety Of Fields, Including Public Policy, Business Management, Systems Engineering And General Education.An Instructor'S Manual Presenting Detailed Solutions To All The Problems In The Book Is Available From The Wiley Editorial Department.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count of the book? A: The book has two hundred eighty pages. It provides a comprehensive overview of decision analysis techniques.
- Q: What is the binding type of this book? A: The book is hardcover. This ensures durability and makes it suitable for frequent use.
- Q: What are the dimensions of the book? A: The book measures six point thirty-four inches in length, zero point seventy-two inches in width, and nine point forty-seven inches in height. These dimensions make it easy to handle and read.
- Q: How do I apply the decision analysis techniques in this book? A: You can apply the techniques by engaging with the exercises and case studies presented. This hands-on approach helps you practice and master decision analysis.
- Q: Is this book suitable for beginners in decision-making? A: Yes, it is suitable for beginners. The book is designed to be accessible without requiring advanced mathematical skills.
- Q: Can I use this book for a decision-making course? A: Yes, it is an excellent resource for decision-making courses. Its broad applicability makes it suitable for various fields like business and public policy.
- Q: How do I keep this book in good condition? A: Store the book in a dry place away from direct sunlight. Avoid bending the spine to maintain its structural integrity.
- Q: Is there an instructor's manual available for this book? A: Yes, an Instructor's Manual is available. It presents detailed solutions to all the problems in the book.
- Q: What should I do if the book arrives damaged? A: If the book arrives damaged, contact customer support immediately for replacement or refund options.
- Q: Does this book include real-world applications? A: Yes, it includes real-world applications through case studies and exercises. These examples help illustrate how to use decision analysis in practice.
- Q: Who is the author of this book? A: The author of the book is Rex Brown. He brings extensive consulting experience to the subject.
- Q: Are there any exercises included in the book? A: Yes, the book is replete with exercises. These are designed to engage readers actively in the learning process.
- Q: What topics does this book cover? A: The book covers topics such as risk analysis, decision-making under uncertainty, and personal life choices. It provides a comprehensive approach to decision analysis.
- Q: Is this book appropriate for advanced decision-makers? A: Yes, it is also appropriate for advanced decision-makers. The book advances to sophisticated quantitative skills applicable in both public and private sectors.
- Q: How does this book differ from other decision analysis resources? A: This book focuses on practical applications rather than just theory. It emphasizes tools that can be utilized immediately for better decision-making.