Agent-Based Models (ABM) are being increasingly applied to the study of a wide range of social phenomena, often putting the focus on the macroscopic patterns that emerge from the interaction of a number of agents programmed to behave in a plausible manner. This agent behavior, however, is all too often encoded as a small set of rules that produces a somewhat simplistic behavior. In this short p...

This paper reviews the literature that applies behavioral economic models to managerial decisions. It organizes the literature into research that focuses on alternative utility functions and research that focuses on non-equilibrium models. Generally, behavioral models have seen less application to manager decisions than to consumer decisions and therefore there are many opportunities to develop...

Jones and Dzhafarov (2014) provided a useful service in pointing out that some assumptions of modern decision-making models require additional scrutiny. Their main result, however, is not surprising: If an infinitely complex model was created by assigning its parameters arbitrarily flexible distributions, this new model would be able to fit any observed data perfectly. Such a hypothetical model...

In this work we start by presenting a possible architecture for MultiCriteria Dynamic Decision Making (MCDDM) problems. Then we focus on contributions for the rating process because it involves two important aspects of any dynamic spatial-temporal decision problem: how to deal with uncertainty in dynamically changing input data and how consider different criteria importance, depending on criter...

abstract. data envelopment analysis (dea) is now widely utilized as a method for assessing relative efficiency of a set of decision making units (dmus). along as evaluating relative efficiency dea models are capable of to be improved for finding benchmark for inefficient units which can help managers for better making decision. thus it is important to obtain accurate results from dea models. in...

purpose – the aim of this study is to examine relation between employees’ participation in the organizations decisions making and their psychological empowerment in iran telecommunication company subsidiary of mazanderan province. design / methodology /approach- 250 employees from the iran telecommunication company subsidiary of mazanderan province participated in this study. a spearman's cor...

decision making process requires information. accounting is the most important source of information. in 1998, the international federation of accountants issued a statement about the scope and using of accounting. it identified 4 stages for using accounting information: cost determination, planning and financial control, reduction of resources waste and creation the value. this study was desig...

This short overview paper points out the striking similarity between decision under uncertainty and multicriteria decision making problems, two areas which have been developed in an almost completely independent way until now. This pertains both to additive and non-additive (including qualitative) approaches existing for the two decision paradigms. This leads to emphasize the remarkable formal ...

Hall, Robert Ernest, 1943– Forward-looking decision making : dynamic programming models applied to health, risk, employment, and financial stability / Robert E. Hall. p. cm. – (The Gorman lectures in economics) Includes bibliographical references and index. ISBN 978-0-691-14242-5 (alk. paper) 1. Households–Decision making–Econometric models. 2. Families–Decision making–Econometric models. 3. De...