scholarly journals Strategic opportunities: Leveraging decision-making indicators

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Gordon Bowen ◽  
Deidre Bowen ◽  
Richard Bowen
Keyword(s):  
Decision Making ◽  
Time Horizon ◽  
Dominant Strategies

Politicians tend to use the word opportunity as a catch-all term. This paper is contending that opportunities can be classified as tangible or intangible. Lawmakers do not appear to consider the idea that opportunities are hierarchical or link to a firms’ ability to leverage opportunities. The context for the paper is Brexit and its strategic implications. Furthermore, a hard Brexit will throw up more intangible opportunities than tangible opportunities, which suggests that firms will require different strategies for hard Brexit and soft Brexit environments. This paper suggests that there are two possible dominant strategies available to executives, namely leverage logic and opportunity logic, and the application of the strategies is dependent on the type of Brexit situation. The time horizon to develop and refine the dominant strategies is dependent on the type of Brexit environment, with a hard Brexit requiring the longest time horizon.

Long-Term Decision-Making: Biological and Psychological Evidence

2009 ◽  
Vol 9 (3) ◽  
pp. 9-19 ◽  
Author(s):  
Thomas Princen
Keyword(s):  
Decision Making ◽  
Time Horizon ◽  
Cultural Factors ◽  
Structural Factors ◽  
Short Term ◽  
Environmental Decision Making ◽  
Human Decision ◽  
Psychological Evidence ◽  
Widespread Belief

A central conundrum in the need to infuse a long-term perspective into climate policy and other environmental decision-making is the widespread belief that humans are inherently short-term thinkers. An analysis of human decision-making informed by evolved adaptations—biological, psychological and cultural—suggests that humans actually have a long-term thinking capacity. In fact, the human time horizon encompasses both the immediate and the future (near and far term). And yet this very temporal duality makes people susceptible to manipulation; it carries its own politics, a politics of the short term. A “legacy politics” would extend the prevailing time horizon by identifying structural factors that build on evolved biological and cultural factors.

scholarly journals The Individual and the Organizational Model of Quantum Decision-Making and Learning (MQDM&L): An Introduction and the application of the Quadruple Loop Learning

2021 ◽  
Author(s):  
Meir Russ
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Time Horizon ◽  
Learning Processes ◽  
Sense Making ◽  
Organizational Decision Making ◽  
Proposed Model ◽  
Diamond Model ◽  
Introductory Paper ◽  
The Individual

The new Post Accelerating Data and Knowledge Online Society, or ‘Padkos’ requires a new model of decision making. This introductory paper proposes a model where decision making and learning are a single symbiotic process, incorporating man and machine, as well as the AADD (ánthrōpos, apparatus, decider, doctrina) diamond model of individual and organizational decision-making and learning processes. The learning is incorporated by using a newly proposed quadruple loop learning model. This model allows for controlled changes of identity, the process of creating and the sense making of new mental models and assumption, and reflections. The model also incorporates the recently proposed model of quantum decision-making, where time collapse of the opted past and the anticipated future (explicitly including its time horizon) into the present play a key role in the process, leveraging decision-making and learning by human as well as Artificial Intelligence (AI) and Machine Learning (ML) algorithms. The paper closes with conclusions.

Late in the Game: How Does a Short Time Horizon Impact CEO Decision Making?

2010 ◽  
Vol 24 (3) ◽  
pp. 105-106 ◽  
Author(s):  
John A. Martin ◽  
Kevin J. Davis
Keyword(s):  
Decision Making ◽  
Time Horizon ◽  
Short Time

scholarly journals Analysis of economic risks of hop growing

2012 ◽  
Vol 52 (No. 2) ◽  
pp. 76-82 ◽  
Author(s):  
M. Kavka ◽  
V. Rataj ◽  
Z. Trávníček ◽  
V. Ciniburk ◽  
Kavka Pavel ◽  
...  
Keyword(s):  
Decision Making ◽  
Agricultural Production ◽  
Time Horizon ◽  
Statistical Data ◽  
Climatic Conditions ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Central European ◽  
Mutual Relations ◽  
Economic Risks

The hitherto development of agricultural production shows that one of the characteristic attributes of the present period is great economic instability. Monitoring of the development of prices of inputs and outputs as well as climatic conditions reveals that similar problems are not limited to the Central European countries. Prosperity and competitiveness of the production is a function of mutual relations of costs, prices and yields. For the sound managerial decision-making, it is necessary to continually analyse and evaluate the rate of risk – soundness of the planned results (Rataj, Kavka 1999; Rataj 2001). For that reason, this contribution concerns the analysis of economic risks of the hop growing that takes into account statistical data in the time horizon of the last 15 years for the “Žatec poloranný červeňák” of traditional planting (further only ŽPČT) and 7 years for ŽPČ virus free (farther only ŽPČV) and the hybrid sorts (farther only HYBR).

scholarly journals The Individual and the Organizational Model of Quantum Decision-Making and Learning: An Introduction and the Application of the Quadruple Loop Learning

Merits ◽  
2021 ◽  
Vol 1 (1) ◽  
pp. 34-46
Author(s):  
Meir Russ
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Time Horizon ◽  
Learning Processes ◽  
Sense Making ◽  
Organizational Decision Making ◽  
Proposed Model ◽  
Diamond Model ◽  
Introductory Paper ◽  
The Individual

The new Post Accelerating Data and Knowledge Online Society, or ‘Padkos’, requires a new model of decision-making. This introductory paper proposes a model where decision making and learning are a single symbiotic process, incorporating man and machine, as well as the AADD (ánthrōpos, apparatus, decider, doctrina) amalgamated diamond model of individual and organizational decision-making and learning processes. The learning is incorporated by using a newly proposed quadruple loop learning model. This model allows for controlled changes of identity, the process of creating and the sense-making of new mental models, assumptions, and reflections. The model also incorporates the recently proposed model of quantum decision making, where time collapse of the opted past and the anticipated future (explicitly including its time horizon) into the present plays a key role in the process, leveraging decision making and learning by human as well as artificial intelligence (AI) and machine learning (ML) algorithms.

Discarding optimality: Throwing out the baby with the bathwater?

2018 ◽  
Vol 41 ◽  
Author(s):  
Patrick Simen ◽  
Fuat Balcı
Keyword(s):  
Decision Making ◽  
Perceptual Decision Making ◽  
Reward Rate ◽  
Perceptual Decision ◽  
Standard Observer ◽  
Rate Maximization ◽  
Reward Rate Maximization ◽  
Descriptive Standard ◽  
Observer Model

AbstractRahnev & Denison (R&D) argue against normative theories and in favor of a more descriptive “standard observer model” of perceptual decision making. We agree with the authors in many respects, but we argue that optimality (specifically, reward-rate maximization) has proved demonstrably useful as a hypothesis, contrary to the authors’ claims.

LPCD framework: Analytical tool or psychological model?

2018 ◽  
Vol 41 ◽  
Author(s):  
David Danks
Keyword(s):  
Decision Making ◽  
Analytical Tool ◽  
Mathematical Framework ◽  
Bayesian Decision ◽  
Perceptual Decision Making ◽  
Psychological Model ◽  
Psychological Reality ◽  
Psychological Theories ◽  
Target Article ◽  
Bayesian Decision Making

AbstractThe target article uses a mathematical framework derived from Bayesian decision making to demonstrate suboptimal decision making but then attributes psychological reality to the framework components. Rahnev & Denison's (R&D) positive proposal thus risks ignoring plausible psychological theories that could implement complex perceptual decision making. We must be careful not to slide from success with an analytical tool to the reality of the tool components.

Elaborating the role of reflection and individual differences in the study of folk-economic beliefs

2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Cognitive Processes ◽  
Evolutionary History ◽  
Behavioral Responses ◽  
History Of ◽  
Economic Beliefs

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.

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