Inductive modeling of expert decision making in loan evaluation: a decision strategy perspective

There have been two dominant paradigms in understanding and modeling an expert's decision-making behavior: output analysis and process-tracing. While the two paradigms are complementary, they have not been used yet in a combined manner. This study extends the previous research work in the two paradigms to expert system research by (1) analyzing individual experts' decision strategies, (2) comparing performance of four popular inductive modeling methods, and (3) matching their performance against decision strategy type. © 1997 Elsevier Science B.V.