Strategic Decision-Making on Mining Sector Company Stock Prices and Economic Variable (State Space Model Application)

The Effect of Affect on Economic and Strategic Decision Making∗

The standard economic model of decision making assumes a decision maker makes her choices to maximize her utility or happiness. Her current emotional state is not explicitly considered. Yet there is a large psychological literature that shows that current emotional state, in particular positive affect, has a significant effect on decision making, problem solving, and behavior. This paper offers...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Stock Prices, News, and Economic Fluctuations

There is a huge literature suggesting that stock price movements reflect the market’s expectation of future developments in the economy. As a test of standard valuation models, Eugene F. Fama (1990) shows that monthly, quarterly, and annual stock returns are highly correlated with future production growth rates for the 1953–1987 period. This result is confirmed on a extended sample (1889–1988) ...

Data Mining: New Arsenal for Strategic Decision Making

During the early years of database management the contemporary wisdom was to store only ‘useful data.’ In large part, this philosophy was encouraged because of the then-limited storage capacity offered by the prevailing technology. Then along came the microprocessor revolution, enormously expanding the scope of data storage. Subsequent advancement in information technology and recognition of po...

Survey on Strategic Games and Decision Making

Game theory is the study of how people interact and make decisions to handle competitive situations. It has mainly been developed to study decision making in complex situations. Humans routinely alter their behaviour in response to changes in their social and physical environment. As a consequence, the outcomes of decisions that depend on the behaviour of multiple decision makers are difficult ...