Decision-making and action /

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Bibliographic Details
Author / Creator:Pomerol, Jean-Charles.
Imprint:London : ISTE ; Hoboken, NJ : Wiley, 2012.
Description:xii, 274 p. : ill. ; 24 cm.
Language:English
Subject:
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/8903035
Hidden Bibliographic Details
ISBN:9781848214101
1848214103
Notes:Includes bibliographical references and index.
Table of Contents:
  • Introduction
  • Chapter 1. What is a Decision, or What Does Decision Theory Have to Teach Us?
  • 1.1. Actions and events
  • 1.2. Probabilities
  • 1.3. Expected utility
  • 1.4. Subjective probabilities and rationality of the decision
  • 1.5. Caveats and recommendations
  • 1.5.1. Distinction between actions and events
  • 1.5.2. Distinction between decisions and results
  • 1.5.3. Expectancy-based reasoning
  • 1.5.4. Identification of all the probabilities and all the possible events
  • Chapter 2. Scenarios and Conditional Probabilities
  • 2.1. Scenarios
  • 2.2. Compound probabilities
  • 2.3. Scenarios and conditional probabilities
  • 2.4. Decision tree
  • 2.5. Scenarios, information and pragmatics
  • 2.6. Pursuance of the scenarios and the "just one more push"
  • 2.7. Conditional probabilities and accidents
  • 2.8. Caveats and recommendations
  • 2.8.1. Robustness of the result
  • 2.8.2. Updating the scenarios and conditional probabilities
  • 2.8.3. Slight probabilities
  • 2.8.4. Re-evaluation of decisions
  • 2.8.5. Knowing how to lose
  • Chapter 3. The Process of Decision-Making and its Rationality, or What Does Artificial Intelligence Have to Teach Us?
  • 3.1. A decision as a problem
  • 3.2. Decision table
  • 3.3. The general process of decision-making
  • 3.4. Case-based reasoning
  • 3.5. The Olympian point-of-view, and H. Simon's view
  • 3.6. Information
  • 3.7. Limited rationality
  • 3.8. Heuristics
  • 3.9. Cognitive limitation
  • 3.10. Feedback on rationality in decisions
  • 3.11. Caveats and recommendations
  • 3.11.1. Be imaginative
  • 3.11.2. Stay on top of the problem and of time
  • 3.11.3. Filter the information
  • 3.11.4. Take a retrospective view
  • 3.11.5. Be reactive rather than optimal
  • 3.11.6. Constantly re-evaluate your objectives
  • Chapter 4. Intuition, Emotion, Recognition and Reasoning or, What Docs the Neurobiology of Decision-Making Have to Teach Us?
  • 4.1. Introduction
  • 4.2. Animal "decision"
  • 4.3. Recognition-primed decision
  • 4.4. The brain and emotion
  • 4.5. Short-term, long-term
  • 4.6. The Bayesian brain
  • 4.7. Caveats and recommendations
  • 4.7.1. Beware of the emotions generated by recognition of decisional patterns
  • 4.7.2. Structure the knowledge
  • 4.7.3. The colors of the projection
  • 4.7.4. Introduce learning into recognition-based learning systems
  • Chapter 5. Decision-Making in the Presence of Conflicting Criteria, or What Docs a Multicriterion Decision Aid Have to Teach Us?
  • 5.1. Preference structures
  • 5.2. Multicriterion decision aid
  • 5.3. Weighted sum aggregation
  • 5.4. Other aggregation methods
  • 5.5. Aggregation of votes
  • 5.6. Social choice and collective decision
  • 5.7. Individual reactions to multicriterion decision-making
  • 5.8. Constraints and multicriterion decision-making in organizations
  • 5.9. Caveats and recommendations
  • 5.9.1. Finding a compromise between the different Pareto optima
  • 5.9.2. Balancing between the criteria to be aggregated
  • 5.9.3. The best decision in a multidimensional world does not exist
  • 5.9.4. Beware of false choices
  • 5.9.5. The goals and the constraints are interchangeable
  • 5.9.6. Multiplicity of the goals and criteria
  • 5.9.7. Use the multicriterion decision aid
  • Chapter 6. The Dec is ion-Maker's Psychology, or What Does Psychology Have to Teach Us?
  • 6.1. Introduction
  • 6.2. The decision-maker's rationality and utility function
  • 6.3. Constructing the utility function
  • 6.4. Utility function in the risk
  • 6.5. Loss aversion and the endowment effect
  • 6.6. Biases related to the probabilities
  • 6.7. Self-confidence and the illusion of control
  • 6.8. Biases linked to memory
  • 6.9. Frame effect
  • 6.10. Level of reference and anchoring
  • 6.11. Rationalization and reinforcement
  • 6.12. System 1 or System 2?
  • 6.13. Biases or heuristics?
  • 6.14. Caveats and recommendations
  • 6.14.1. A good decision-maker must make an effort to be rational in his preferences
  • 6.14.2. Be aware of risk-taking in loss-heavy situations
  • 6.14.3. Do not overvalue the status quo
  • 6.14.4. Be objective in your estimation of the probabilities
  • 6.14.5. Be wary, but not pessimistic
  • 6.14.6. Do not think that you control the events
  • 6.14.7. Do not be over-confident
  • 6.14.8. Do not trust your memory
  • 6.14.9. Framing and reference point
  • 6.14.10. Do not make unproven correlations
  • 6.14.11. Avoid over-simplistic categorizations
  • 6.14.12. Do not be taken in by pretty stories
  • 6.14.13. Beware of commitment escalation
  • 6.14.14. Be mindful of the halo effect
  • Chapter 7. Context of the Decision: Intention, Commitment, Trust, Fairness, Authority and Freedom
  • 7.1. Intention and commitment
  • 7.2. Trust and reciprocity
  • 7.3. Fairness
  • 7.4. Freedom and responsibility
  • 7.5. Authority
  • 7.6. "Leadership" in organizations
  • 7.7. Rationality between logic and probabilities
  • 7.8. Rationality and "good reasons"
  • 7.9. Caveats and recommendations
  • 7.9.1. Genuine and false commitment
  • 7.9.2. Threats
  • 7.9.3. Transparency
  • 7.9.4. Reciprocity
  • 7.9.5. Explaining your decisions
  • 7.9.6. Bias in favor of the status quo
  • 7.9.7. Getting help
  • 7.9.8. Fairness
  • 7.9.9. Resentment
  • 7.9.10. Freedom
  • 7.9.11. Responsibility
  • 7.9.12. Authority
  • 7.9.13. Groups and leaders
  • 7.9.14. Rationality
  • Chapter 8. Action: Giving the Impetus or Managing
  • 8.1. Deciding and acting
  • 8.2. Quick or slow decision-makers
  • 8.3. Consensual or imperative decision-makers
  • 8.4. To act or to manage? That is the question
  • 8.5. Reflect long, project long term: strategic planning and decision-making in organizations
  • 8.6. Feedback and learning
  • 8.7. Conclusion
  • 8.8. Caveats and recommendations
  • 8.8.1. Decision is inseparable from action
  • 8.8.2. A good decision-maker is quick
  • 8.8.3. Inaction is a decision
  • 8.8.4. Other people's criteria
  • 8.8.5. Consensus is not always possible
  • 8.8.6. The decision is not only impulsion
  • 8.8.7. Plans are useful before the action commences
  • 8.8.8. Strategic planning
  • 8.8.9. Learn from feedback
  • 8.8.10. "No regrets; they don't work" in action
  • 8.8.11. Learn faster than your competition
  • Chapter 9. Vade Mecum of the Acting Decision-Maker
  • 9.1. That which depends on you, and that which does not
  • 9.1.1. The alternatives and the events must be dealt with separately
  • 9.1.2. A good decision-maker will avoid thinking that he controls the events
  • 9.1.3. The result depends on your action and on nature
  • 9.2. That which depends on you: information, imagination and the process of decision-making
  • 9.2.1. You must make an effort to properly identify all the possible events
  • 9.2.2. You must make an effort to properly identify all the possible alternatives
  • 9.2.3. Information-seeking and information-filtering are crucial steps
  • 9.2.4. A good decision-maker attempts to always remain "master of the problem and of time"
  • 9.2.5. You must stick with "satisficing" decisions
  • 9.3. That which depends only on you: learning and planning
  • 9.3.1. A good decision-maker must always take a retrospective view of his decisions (review them)
  • 9.3.2. You must always monitor the situation and update your scenarios in real-time
  • 9.3.3. You must always keep your objectives in mind
  • 9.3.4. Plans are useful before action
  • 9.3.5. Strategic planning
  • 9.3.6. Learning from feedback
  • 9.3.7. No regrets; they don't work in action
  • 9.3.8. Recognition-primed action
  • 9.4. That which depends on nature: the pitfalls of probabilities
  • 9.4.1. Be objective in your estimation of the probabilities
  • 9.4.2. Identify all the probabilities, and do not overlook small ones up to the order of 10 -3 or 10 -4
  • 9.4.3. Expectancy-based reasoning
  • 9.4.4. Remain rational in uncertainty
  • 9.4.5. The events may be dependent
  • 9.5. That which depends on our human nature: the pitfalls of the human brain
  • 9.5.1. The two brains
  • 9.5.2. Intuition
  • 9.5.3. Risk-taking in loss
  • 9.5.4. Beware of commitment escalation, and re-evaluate the results
  • 9.5.5. Above all, do not over-value the status quo
  • 9.5.6. Do not confuse reinforcement and self-suggestion
  • 9.5.7. Correlations and classifications
  • 9.5.8. Memory
  • 9.5.9. You must not idealize or blacken the past
  • 9.5.10. Our own over-confidence, and that of experts
  • 9.6. That which depends on other people: conflicts and manipulation
  • 9.6.1. Conflicts
  • 9.6.2. Multicriterion decision-making
  • 9.6.3. A skilled decision-maker knows that the goals and the constraints are interchangeable
  • 9.6.4. Other people's criteria
  • 9.6.5. In a multidimensional world, there is no best decision
  • 9.6.6. Beware of manipulation
  • 9.6.7. Contextualization
  • 9.6.8. False reciprocity
  • 9.6.9. Commitments and feigned commitments
  • 9.6.10. Groups and leaders
  • 9.6.11. Pretty stories and plans which arc too good to be true
  • 9.7. What the result depends on: your style and your action
  • 9.7.1. The decision is inseparable from the action
  • 9.7.2. A good decision-maker is timely
  • 9.7.3. The decision does not end with its impulsion
  • 9.7.4. Explain your decisions
  • 9.7.5. Transparency
  • 9.7.6. Freedom
  • 9.7.7. Responsibility
  • 9.7.8. Natural authority
  • 9.7.9. Getting help
  • 9.7.10. Fairness
  • 9.7.11. Resentment
  • 9.8. And finally
  • Bibliography
  • Index of Names
  • General Index