abstract present study aims to identify influential dimensions affecting level of entrepreneurs' decision maker cognitive complexity with regard to the importance of cognition and its complex pattern on the process of entrepreneurial decision making. qualitative stage of this mix method research was conducted at early stage by formation of a focus group consisted of superior entrepreneurs in 20...

In 5 studies, undergraduate subjects were given descriptions and outcomes of decisions made by others under conditions of uncertainty. Decisions concerned either medical matters or monetary gambles. Subjects rated the quality of thinking of the decisions, the competence of the decision maker, or their willingness to let the decision maker decide on their behalf. Subjects understood that they ha...

We study decision making in complex discrete-time dynamic environments where Bayesian optimization is intractable. A decision maker is equipped with a finite set of benchmark strategies. She aims to perform similarly to or better than each of these benchmarks. Furthermore, she cannot commit to any decision rule, hence she must satisfy this goal at all times and after every history. We find such...

We consider the credibility, persuasiveness, and informativeness of multidimensional cheap talk by an expert to a decision maker. We find that an expert with state-independent preferences can always make credible comparative statements that trade off the expert’s incentive to exaggerate on each dimension. Such communication benefits the expert – cheap talk is “persuasive” – if her preferences a...

In this paper, we propose an interactive decision making method for random fuzzy multiobjective linear programming problems (RFMOLP) through a probability maximization model. In the proposed method, it is assumed that the decision maker has fuzzy goals for not only permissible objective levels of a probability maximization model but also the corresponding distribution function values. Using the...

Debates around the assumption of rationality in economic theory abound and are too numerous to be listed here. Traditionally, rationality of a decision maker is captured by a set of (testable) axioms, whose meaning and strength can be discussed. These rationality axioms however do not all have the same status in the sense that they bear on different things. One could actually distinguish three ...

In this paper, we propose an interactive decision making method for random fuzzy multiobjective linear programming problems (RFMOLP) through a probability maximization model. In the proposed method, it is assumed that the decision maker has fuzzy goals for not only permissible objective levels of a probability maximization model but also the corresponding distribution function values. Using the...

Advance care directives (ACDs) are used in all Australian states and territories, but take different forms and names. In the Northern Territory, they are known as advance personal plans (APPs). An APP allows not only for advanced consent decisions in relation to life support and palliative care, but also the appointment of a substitute decision maker. The powers of the substitute decision maker...

A decision maker offers a new product to a number of potential adopters. He does not know the value of the product but adopters receive some private information about it. We study how the decision maker may influence learning among adopters by manipulating the launch sequence when both the decision maker and adopters can learn about the value of the product from previous adoption decisions. The...