The general form of a decision making model raises hypotheses about the dynamics of stimulus, conception, and response and we might suppose that the decision process begins with the perception of some sort of stimulus. The amount of information available for decision making is often incomplete and hence any logic that attempts to model decision making must be nonmonotonic in nature. The existin...

Conscious decision making requires deep understanding of (1) the problem, (2) the context framing the problem, (3) the available options, (4) the perceived future resulting from each alternative and, of course, (5) the preferred future. As world becomes more complex and problems more open ended, these pieces of knowledge tend to be spread through several individuals. Finding, collecting, filter...

The paper designs a quantum model of decision-making (QMDM) that utilizes neuroscientific evidence. The new model provides both normative and positive implications to economics. First, it enhances the study of decision-making which is an extension of the expected utility theory (EUT) in mathematical economics. Second, we demonstrate how the quantum model mitigates drawbacks of the expected util...

The purpose of this paper is to present single valued neutrosophic decision making model of school choice. Childhood is a crucial stage in terms of a child's physical, intellectual, emotional and social development i.e. all round development of a child. Mental and physical abilities of children grow at an increasing rate. Children particularly need high quality personal care and learning experi...