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Smart Economic Decision Making In A Complex World

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Smart Economic Decision Making in a Complex World

Smart Economic Decision Making in a Complex World Book
Author : Morris Altman
Publisher : Academic Press
Release : 2020-06-05
ISBN : 0128131780
Language : En, Es, Fr & De

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Book Description :

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for ‘smart and rational’ decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the ‘smart’ decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of ‘smart and rational’ approaches

Smart Economic Decision Making in a Complex World

Smart Economic Decision Making in a Complex World Book
Author : Morris Altman
Publisher : Academic Press
Release : 2020-06-19
ISBN : 0128114614
Language : En, Es, Fr & De

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Book Description :

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for 'smart and rational' decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the 'smart' decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of 'smart and rational' approaches

Managerial Economics

Managerial Economics Book
Author : Lila J. Truett,Dale B. Truett
Publisher : Wiley
Release : 2003-07-16
ISBN : 9780471444664
Language : En, Es, Fr & De

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Book Description :

Truett and Truett's Eighth Edition shows how to use economic analysis to solve problems and make effective decisions in the complex world of business. The highly successful problem-solving approach, clear and accurate presentation of economic theory, and outstanding cases combine to make the best presentation of managerial economics yet. * Walks readers step by step through specific types of problems, including elasticity calculations, cost minimization, and profit maximization. * Shows how real-world firms have addressed issues discussed in the book. * Emphasizes the global aspects of managerial economics and its application in the international marketplace.

Decision Making for Leaders

Decision Making for Leaders Book
Author : Thomas L. Saaty
Publisher : Lifetime Learning Pub
Release : 1982
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Decision Making for Leaders book written by Thomas L. Saaty, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Smart Decisions in Complex Systems

Smart Decisions in Complex Systems Book
Author : Pierre Massotte,Patrick Corsi
Publisher : John Wiley & Sons
Release : 2017-07-06
ISBN : 1119368693
Language : En, Es, Fr & De

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Book Description :

Faced with ever-increasing complexity on a daily basis, the decision-makers of today are struggling to find the appropriate models, methods and tools to face the issues arising in complex systems across all levels of global operations. Having, in the past, resorted to outdated approaches which limit problem-solving to linear world views, we must now capitalize on complexities in order to succeed and progress in our society. This book provides a guide to harnessing the wealth inherent to complex systems. It organizes the transition to complex decision-making in all business spheres while providing many examples in various application domains. The authors offer fresh developments for understanding and mastering the global “uberization” of the economy, the post-modern management of computer-assisted production and the rise of cognitive robotics science applications.

Real World Decision Making An Encyclopedia of Behavioral Economics

Real World Decision Making  An Encyclopedia of Behavioral Economics Book
Author : Morris Altman
Publisher : ABC-CLIO
Release : 2015-06-23
ISBN : 1440828164
Language : En, Es, Fr & De

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Book Description :

The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. • Contains an informative introductory essay that familiarizes students with the various aspects of behavioral economics • Provides a list of additional readings for those interested in learning more about the topic • Includes cross-references in each entry to help readers make connections between related topics • Defines key terms that are likely to be unfamiliar to those without advance knowledge of the subject • Helps readers identify and study particular entry categories through accompanying Topic Finders

Managing Critical Infrastructure Risks

Managing Critical Infrastructure Risks Book
Author : Igor Linkov,Richard J. Wenning,Gregory A. Kiker
Publisher : Springer
Release : 2007-09-11
ISBN : 1402063857
Language : En, Es, Fr & De

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Book Description :

This book offers a state-of-the-science approach to current environmental security threats and infrastructure vulnerabilities. It emphasizes beliefs that the convergence of seemingly disparate viewpoints and often uncertain and limited information is possible only by using one or more available risk assessment methodologies and decision-making tools such as risk assessment and multi-criteria decision analysis (MCDA).

Leadership in a Globalized World

Leadership in a Globalized World Book
Author : Frannie Léautier
Publisher : Springer
Release : 2014-10-07
ISBN : 1137431210
Language : En, Es, Fr & De

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Book Description :

This book investigates key issues facing leaders in increasingly complex decision-making environments as a result of globalization. It presents a synthesis and interpretation of academic research in multiple disciplines and integrates it into a practical approach that is readily useable by leaders in government, corporations, and civil society.

Hayek and Behavioral Economics

Hayek and Behavioral Economics Book
Author : Roger Frantz,Robert Leeson
Publisher : Palgrave Macmillan
Release : 2013-01-30
ISBN : 0230301169
Language : En, Es, Fr & De

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Book Description :

Friedrich Hayek was awarded the 1974 Nobel Prize for Economic Sciences for his contributions to the analysis of money and the business cycle, and for his penetrating analysis of the interdependence of economic, social and institutional phenomena. Hayek was a polymath: he systematically analyzed human rationality, the nature of knowledge, and methodology. This book, which analyses his contributions to the emerging – and revolutionary – field of behavioral economics, has been written by an outstanding collection of authors including Deirdre McCloskey, Herbert Gintis, Peter Boettke and Nobel Laureate Vernon Smith. It is demonstrated that Hayek's seminal contributions came decades before economists such as Herbert Simon (winner of the 1978 Nobel Prize) and Harvey Leibenstein began to develop the field in earnest.

Sustainable Decision Making in Civil Engineering Construction and Building Technology

Sustainable Decision Making in Civil Engineering  Construction and Building Technology Book
Author : Edmundas Kazimieras Zavadskas , Jurgita Antucheviciene , Tatjana Vilutiene , Hojjat Adeli
Publisher : Infinite Study
Release : 2021-12-07
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Sustainable decision-making in civil engineering, construction and building technology can be supported by fundamental scientific achievements and multiple-criteria decision-making (MCDM) theories.

Smart Decisions in Complex Systems

Smart Decisions in Complex Systems Book
Author : Pierre Massotte,Patrick Corsi
Publisher : John Wiley & Sons
Release : 2017-06-29
ISBN : 1119368731
Language : En, Es, Fr & De

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Book Description :

Faced with ever-increasing complexity on a daily basis, the decision-makers of today are struggling to find the appropriate models, methods and tools to face the issues arising in complex systems across all levels of global operations. Having, in the past, resorted to outdated approaches which limit problem-solving to linear world views, we must now capitalize on complexities in order to succeed and progress in our society. This book provides a guide to harnessing the wealth inherent to complex systems. It organizes the transition to complex decision-making in all business spheres while providing many examples in various application domains. The authors offer fresh developments for understanding and mastering the global “uberization” of the economy, the post-modern management of computer-assisted production and the rise of cognitive robotics science applications.

Leadership Intelligence

Leadership Intelligence Book
Author : Andrew Kakabadse,Ali Qassim Jawad
Publisher : Bloomsbury Publishing
Release : 2019-02-21
ISBN : 1472963946
Language : En, Es, Fr & De

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Book Description :

In today's complex corporate world, contemporary governance calls for a varied and versatile cognitive approach to problems – demanding times require nimble minds and rounded perspectives. The authors' research has identified five key leadership intelligences – the 5Qs – which high-performing leaders need to simultaneously employ in order to achieve transformational change. These are: IQ (cognitive intelligence); EQ (emotional intelligence); PQ (political intelligence); RQ (resilience quotient); and MQ (moral intelligence). The 5Qs come together to inform every aspect of leadership, and each of them can, in different ways, be nurtured and practised through learning and development. Andrew Kakabadse and Ali Qassim Jawad have tested the 5Qs on leaders worldwide, applying them at all levels of leadership in order to explore the combinations of intelligences needed to become a well-rounded, effective leader in any situation.

Bounded Rationality

Bounded Rationality Book
Author : Gerd Gigerenzer,Reinhard Selten
Publisher : MIT Press
Release : 2002-07-26
ISBN : 9780262571647
Language : En, Es, Fr & De

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Book Description :

In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term used for disparate views of reasoning. This book promotes bounded rationality as the key to understanding how real people make decisions. Using the concept of an "adaptive toolbox," a repertoire of fast and frugal rules for decision making under uncertainty, it attempts to impose more order and coherence on the idea of bounded rationality. The contributors view bounded rationality neither as optimization under constraints nor as the study of people's reasoning fallacies. The strategies in the adaptive toolbox dispense with optimization and, for the most part, with calculations of probabilities and utilities. The book extends the concept of bounded rationality from cognitive tools to emotions; it analyzes social norms, imitation, and other cultural tools as rational strategies; and it shows how smart heuristics can exploit the structure of environments.

Handbook of Leadership Theory and Practice

Handbook of Leadership Theory and Practice Book
Author : Nitin Nohria,Rakesh Khurana
Publisher : Harvard Business Review Press
Release : 2010-01-26
ISBN : 1422138798
Language : En, Es, Fr & De

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Book Description :

The Handbook of Leadership Theory and Practice seeks to bridge this disconnect. Based on the Harvard Business School Centennial Colloquium “Leadership: Advancing an Intellectual Discipline†and edited by Harvard Business School professors Nitin Nohria and Rakesh Khurana, this volume brings together the most important scholars from fields as diverse as psychology, sociology, economics, and history to take stock of what we know about leadership and to set an agenda for future research.

Managerial Economics

Managerial Economics Book
Author : William F. Samuelson,Stephen G. Marks
Publisher : Wiley
Release : 2005-12-16
ISBN : 9780471663621
Language : En, Es, Fr & De

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Book Description :

The right tools to guide real decisions When you're climbing a mountain, you have to carefully consider every step if you want to reach your goal. You need to know how your tools will actually perform on the mountain. It also helps to have a trusted guide who knows the way. The same holds true in today's highly competitive, global business environments. The decisions managers make are more complex and critical than ever before. You need to understand how to use economic analysis techniques to make real business decisions. When it comes to making real-life decisions based on sound economic analysis, there is no better guide than Samuelson and & Marks's Managerial Economics, 5th Edition. Featuring many detailed, real-world examples, as well as strong coverage of decision making under uncertainty, game theory, and international topics, this practical text equips you with the right tools you need to make smart decisions. New in the Fifth Edition * Updated and revised chapters on making decisions under uncertainty (Chapters 8 and 9). * New discussions of behavioral economics, including such issues as bounded rationality, sunk-cost fallacies, decision-making heuristics and biases, and the winner's curse. * Updated and expanded coverage of corporate incentives and governance. * Incorporates new developments in the areas of technological change, network economies, and internet economics. * Updated applications and revised end-of-chapter problems.

Global Problems Smart Solutions

Global Problems  Smart Solutions Book
Author : Bjørn Lomborg
Publisher : Cambridge University Press
Release : 2013-11-14
ISBN : 1107435242
Language : En, Es, Fr & De

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Book Description :

Every four years since 2004, the Copenhagen Consensus Center has organized and hosted a high profile thought experiment about how a hypothetical extra $75 billion of development assistance money might best be spent to solve twelve of the major crises facing the world today. Collated in this specially commissioned book, a group of more than 50 experts make their cases for investment, discussing how to combat problems ranging from armed conflicts, corruption and trade barriers, to natural disasters, hunger, education and climate change. For each case, 'Alternative Perspectives' are also included to provide a critique and make other suggestions for investment. In addition, a panel of senior economists, including four Nobel Laureates, rank the attractiveness of each policy proposal in terms of its anticipated cost-benefit ratio. This thought-provoking book opens up debate, encouraging readers to come up with their own rankings and decide which solutions are smarter than others.

Proceedings of the XIII International Symposium SymOrg 2012 Innovative Management and Business Performance

Proceedings of the XIII International Symposium SymOrg 2012  Innovative Management and Business Performance Book
Author : Maja Levi-Jakšić
Publisher : University of Belgrade, Faculty of Organizational Sciences
Release : 2012-06-03
ISBN : 8676802556
Language : En, Es, Fr & De

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Book Description :

Download Proceedings of the XIII International Symposium SymOrg 2012 Innovative Management and Business Performance book written by Maja Levi-Jakšić, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Sustainability in Construction Engineering

Sustainability in Construction Engineering Book
Author : Edmundas Kazimieras Zavadskas,Jonas Šaparauskas,Jurgita Antuchevičienė
Publisher : MDPI
Release : 2018-09-20
ISBN : 3038971669
Language : En, Es, Fr & De

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Book Description :

This book is a printed edition of the Special Issue "Sustainability in Construction Engineering" that was published in Sustainability

Modern Global Economic System Evolutional Development vs Revolutionary Leap

Modern Global Economic System  Evolutional Development vs  Revolutionary Leap Book
Author : Elena G. Popkova,Bruno S. Sergi
Publisher : Springer Nature
Release : 2021-03-16
ISBN : 3030694151
Language : En, Es, Fr & De

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Book Description :

This proceedings book reflects the alternative way of development of the modern global economic system. It sets evolutionary development in opposition to revolutionary leap. The search for the best way to develop the world economy in the present and future is carried out. The social environment and the human-centered development of the modern global economic system have been explored. The features of training of personnel for the modern global economic system through the development of vocational education and training have been studied. Sustainable development, energy and food security have been identified as significant milestones of the progress of the modern global economic system. Innovations and digital technologies have been suggested as the drivers of growth and development of the modern global economic system. Consideration has been given to the institutional framework and legal groundwork for the development of the modern global economic system. The fundamentals have been identified and recommendations have been put forward for improving governmental regulation, financial and capital investment support for integration in the modern global economic system. The book includes the best works based on the results of the 22nd International Research-to-Practice Conference “Current Issues of the Global Economy” which was held on June 19, 2020, at the Peoples’ Friendship University of Russia (PFUR) (Moscow, Russia) and the 14th National Research-to-Practice Conference “A New Paradigm of Social and Economic Development in the Age of Intelligent Machines,” which was held on May 14–16, 2020 (Nizhny Novgorod, Russia), VIII International Research-to-Practice Conference “Multipolar Globalization and Russia,” which was held on May 21–23, 2020 (Rostov-on-Don, Russia), III All-Russian Research-to-Practice Conference “Power, Business, and Education: The Ascent to Man,” which was held on May 21–22, 2020 (Krasnoyarsk, Russia), International Research-to-Practice Conference “Current Issues and Ways of Industrial Development: Engineering and Technologies,” which was held from September 28, 2020, till October 1, 2020 (Komsomolsk-on-Amur), and the 15th National Research-to-Practice Conference “New Models of Behavior of Market Players in the Conditions of Digital Economy,” which was held on October 29–30, 2020, at Ufa State Oil Technical University, Institute of Economics and Service (Ufa, Russia). The target audience of the book consists of scholars studying the features of development of the global economic system at the present stage and the prospects for its future progress.