scholarly journals Rational and irrational processes in decision making: An economic perspective

2019 ◽  
Vol 1 (1) ◽  
pp. 51-57
Author(s):  
Maria Liana Lacatus
Keyword(s):  
Decision Making ◽  
Imperfect Information ◽  
Final Section ◽  
Daily Life ◽  
Decision Making Process ◽  
Economic Perspective ◽  
Short Introduction ◽  
Decision Making Processes ◽  
Economic Understanding

The paper presents important issues of decision making processes with an emphasis on rational and irrational components of these processes. After a short introduction outlining the need for a deeper understanding of rational and non-rational factors that affect the decisions people make, the rationality of people decisions in daily life is questioned and the role of non-rational factors such as intuition are analyzed. The economic understanding of the decision making process is presented and principles of rational decision-making are explained. Different methods used and recommended by economists in order to make decisions are presented and applied in different life situations in order to demonstrate their value in daily life. Special emphasis is put on factors such as imperfect information, illusion of control, or risk aversion that may affect the rationality of the decision making processes. In the final section of the paper the concept of bounded rationality is introduced and explained along with new theories in economics that are challenging the classic economic perspective on the decision making process

scholarly journals THE ROLE OF SOCIAL MEDIA ON MIGRATION DECISION-MAKING PROCESSES: Case of Indonesian Student in University of Groningen

2018 ◽  
Vol 6 (1) ◽  
pp. 515
Author(s):  
Inayah Hidayati
Keyword(s):  
Decision Making ◽  
Social Media ◽  
Migration Decision ◽  
Decision Making Process ◽  
Migration Behavior ◽  
Interview Guide ◽  
Destination Area ◽  
Decision Making Processes ◽  
The Impact

Objective: This research aims to explain the impact of social media on the migration decision-making process of Indonesian student migrants in University of Groningen who used a social media account. In detail, this research will consider the role of social media in the migration decision-making process of students who emigrated from Indonesia and how they uses social media in the context of the migration decision-making process. Methods: The data collected included qualitative data from in-depth interviews and supported by study literatures. An interview guide was formulated to facilitate the indepth interviews and generate a better understanding of migration behavior. Expectation: Social media help Indonesian student migrants on migration decision making process and they use social media for searching information about destination area. Result: Student migrant in University of Groningen use their social media to gain information before they choose that university for study. They use Facebook to making contact with their friends and collagues in the destination country. Student group on Facebook help Indonesian student to get information about school and daily life.

scholarly journals Environmental Justice in India: The National Green Tribunal and Expert Members

2015 ◽  
Vol 5 (1) ◽  
pp. 175-205 ◽  
Author(s):  
Gitanjali Nain Gill
Keyword(s):  
Decision Making ◽  
Environmental Justice ◽  
Decision Makers ◽  
Decision Making Process ◽  
Environmental Disputes ◽  
Scientific Experts ◽  
Decision Making Processes ◽  
Technical Expert ◽  
Insight Into

AbstractThis article argues that the involvement of technical experts in decision making promotes better environmental results while simultaneously recognizing the uncertainty in science. India’s record as a progressive jurisdiction in environmental matters through its proactive judiciary is internationally recognized. The neoteric National Green Tribunal of India (NGT) – officially described as a ‘specialised body equipped with necessary expertise to handle environmental disputes involving multi-disciplinary issues’ – is a forum which offers greater plurality for environmental justice. The NGT, in exercising wide powers, is staffed by judicial and technical expert members who decide cases in an open forum. The experts are ‘central’, rather than ‘marginal’, to the NGT’s decision-making process.This article draws on theoretical insights developed by Lorna Schrefler and Peter Haas to analyze the role of scientific experts as decision makers within the NGT. Unprecedented interview access provides data that grants an insight into the internal decision-making processes of the five benches of the NGT. Reported cases, supported by additional comments of bench members, illustrate the wider policy impact of scientific knowledge and its contribution to the NGT’s decision-making process.

Acute aortic syndrome: emerging role of biomarkers

ESC CardioMed ◽  
2018 ◽  
pp. 2591-2594
Author(s):  
Toru Suzuki ◽  
Riccardo Gorla ◽  
Eduardo Bossone
Keyword(s):  
Decision Making ◽  
Clinical Practice ◽  
European Society ◽  
Diagnostic Algorithm ◽  
Decision Making Process ◽  
Acute Aortic Syndrome ◽  
Aortic Diseases ◽  
Decision Making Processes ◽  
European Society Of Cardiology

The 2014 European Society of Cardiology Guidelines on the diagnosis and treatment of aortic diseases proposed a diagnostic algorithm incorporating biomarkers into the decision-making process of acute aortic syndrome. This chapter discusses the implementation of this algorithm in clinical practice in addition to positioning of the use of biomarkers in the decision-making processes as well as their promise and pitfalls.

scholarly journals Rekontruksi Teori Partisipasi Politik Dalam Diskursus Pemikiran Politik Negara

2017 ◽  
Vol 4 (3) ◽  
Author(s):  
Nur Rohim Yunus ◽  
Muhammad Sholeh ◽  
Ida Susilowati
Keyword(s):  
Decision Making ◽  
Political Participation ◽  
Democratic Party ◽  
Government Policies ◽  
Decision Making Process ◽  
Political Systems ◽  
Active Involvement ◽  
Decision Making Processes ◽  
The Relationship

Abstract:Community involvement in a democratic party is important and must exist, because it is a manifestation of true democracy. Citizens are directly involved in the decision-making process, implementing decisions, influencing decision-making processes, influencing government policies, including relating to active involvement and passive involvement of each individual in the hierarchy of government political systems. All this involvement is known as a form of political participation. This study wants to rebuild political participation as a basic theory in the country's political thinking. So that the relationship can be drawn between the role of community political participation and the success of democracy itself.Keywords: Participation, Politics, Democracy Abstrak:Keterlibatan masyarakat dalam pesta demokrasi merupakan hal penting dan harus ada, karena ia merupakan perwujudan demokrasi yang sebenarnya. Warga negara terlibat langsung dalam proses pembuatan keputusan, melaksanakan keputusan, mempengaruhi proses pengambilan keputusan, mempengaruhi kebijakan pemerintah, termasuk berkaitan dengan keterlibatan aktif maupun keterlibatan pasif setiap individu dalam hierarki sistem politik pemerintahan. Semua keterlibatan ini dikenal sebagai bentuk partisipasi politik. Penelitian ini ingin membangun kembali partisipasi politik sebagai teori dasar dalam pemikiran politik negara. Sehingga dengannya dapat ditarik benang merah antara peran partisipasi politik masyarakat dengan kesuksesan demokrasi itu sendiri.Kata Kunci: Partisipasi, Politik, Demokrasi  

The role of fashion retail buyers in China and the buyer decision-making process

2020 ◽  
Vol 24 (4) ◽  
pp. 631-649 ◽  
Author(s):  
Yingtong Zhong ◽  
Sovan Mitra
Keyword(s):  
Decision Making ◽  
Management Style ◽  
Decision Making Process ◽  
Chinese Market ◽  
Geographical Differences ◽  
Content Type ◽  
Decision Context ◽  
Decision Making Processes ◽  
Fashion Retail

PurposeThe Chinese fashion market is becoming increasingly important in terms of consumption volume and value. A critical aspect of the Chinese fashion market is the role of the fashion retail buyer; however, there exists little literature on their role and their decision-making process. This paper, therefore, explores the role of Chinese fashion retail buyers, their decision-making process as well as the key factors that influence the retail buyer's decision-making process.Design/methodology/approachInformed by the inductive approach within Sheth's (1981) framework, in-depth interviews with a number of retail buyers in nine leading fashion companies in China were carried out to explore fashion retail buyers' decision-making processes.FindingsThe results show that management mentality, type of merchandise and type of decision context were the most influencing factors regarding merchandise requirements (MRs). Fashion retail buyers in China are substantially restricted by the management style of the firm, which also influences the product mix choice. To evaluate merchandise, fashion buyers take into account consumer demand, company position, geographical differences and fashion trends. In regards to supplier selection, production stability coupled with quality and cost factors become paramount. The study also demonstrates that country of origin (COO) is a less significant factor in the fashion buyer's decision-making process.Originality/valueThis is the first study that explores the fashion retail buyer's decision-making processes in the Chinese market. The results show Chinese fashion buyers' decision-making processes differ significantly from other markets. This paper offers guidelines for an efficient and effective fashion retail buying process in China. The findings offer important avenues for further research and provide insights for fashion professionals in the Chinese and other emerging markets contexts.

scholarly journals The Role of Lobbying in the Decision-Making Process in the European Union

2021 ◽  
Vol 27 (2) ◽  
pp. 219-224
Author(s):  
Veronika Stoilova
Keyword(s):  
Decision Making ◽  
European Union ◽  
Political Process ◽  
Modern World ◽  
Decision Making Process ◽  
The European Union ◽  
Decision Making Processes ◽  
Process Event ◽  
Representation Of Interests

Abstract Lobbying in the modern world is becoming part of decision-making processes at the local, state, supranational and global levels. The lobbying process is characterized by the use of various techniques and tools, which is why there are many definitions. In the European Union, it is perceived as a European representation of interests, through which different groups try to influence the decision-making process in the various institutions. Lobbying is often referred to when it is necessary to describe a particular political process, event or phenomenon that has not reached the general public or has remained opaque due to its specific nature. As lobbying becomes increasingly important, this article aims to clarify what lobbying is and what its legitimate and acceptable forms are. It is not without reason that there is a general distrust of the lobbying process and, in particular, of the real intentions of lobbyists. Therefore, many people believe that such activities distort the political process in terms of transparency, integrity and influence. Given the sensitive nature of the topic of lobbying, some good practices from existing lobbying rules at European level will also be considered.

scholarly journals SOWING GM CROPS: POPULATING BIOETHICS IN THE MALAYSIAN BIOSAFETY ACT 2007 THROUGH PUBLIC PARTICIPATION

Yuridika ◽  
2019 ◽  
Vol 34 (1) ◽  
pp. 136
Author(s):  
Siti Hafsyah Idris
Keyword(s):  
Decision Making ◽  
Public Participation ◽  
Good Governance ◽  
Gm Crops ◽  
Decision Making Process ◽  
Bioethical Issue ◽  
Decision Making Processes ◽  
Bioethical Issues ◽  
Public Consultations

The bioethical issue is one of the concerns on genetically modified (GM) crops. One of the features to acknowledge this bioethical issue is through public participation. Through public participation, any concerns relating to the application and the release of GM crops could be integrated in the biosafety decision making process. The role of public participation is essential as it is a foundation of responsible democratic governance. It advocates public consultations by creating opportunities for transparency, informed and representative decision-making processes. This paper appraises the provision on public participation in the Malaysian Biosafety Act 2007 as to the extent to which bioethical issues could be integrated in the biosafety decision making process. The paper also proposes suggestions on good governance of public participation based on the relevant international legal agreements so that it is properly enforced and serves the desired objective of Biosafety Act 2007.

scholarly journals Relationship between emotional sphere, tolerance of uncertainty and productive decision-making strategies

2021 ◽  
Vol 18 (3) ◽  
pp. 145-156
Author(s):  
Mariya A. Shestova
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Emotional Expression ◽  
Emotional Experience ◽  
Self Control ◽  
Decision Making Process ◽  
Decision Making Processes ◽  
Tolerance Of Uncertainty ◽  
And Control

Tolerance for uncertainty is a component of intellectual-personal potential and mediates the decision-making process (DM). The state of Art demonstrates that tolerance of uncertainty contributes to effective and productive decision-making and associated with the constructs that reveal the emotional sphere of a person. The theory of dynamic regulative systems predicts that in the decision-making process, both cognitive and emotional-personal components (tolerance of uncertainty, emotional creativity, and emotional experience of threats from uncertainty) can reach the upper levels of the hierarchy. The role of tolerance for uncertainty in the decision-making processes is relatively well known, however the contribution of the emotional sphere to the problem-solving processes, as well as its relationship with tolerance of uncertainty, is not sufficiently studied. The aim of the study was to establish correlations between emotional creativity and tolerance for uncertainty and productive decision-making strategies. Hypotheses: positive correlation between emotional creativity tolerance of uncertainty productive decision-making strategies was expected. As a result, positive relationship between emotional creativity and tolerance of uncertainty was revealed. It is shown that emotional creativity can be involved in decision-making processes in two ways: to help overcome uncertainty and increase the effectiveness of problem solving, or to lead to difficulties in overcoming interpersonal intolerance of uncertainty, due to a decrease in components of self-control and control of emotional expression. Taken together, the results demonstrate the inclusion of uncertainty tolerance in the emotional sphere of the person, and show the involvement of these components in the DM processes.

scholarly journals The role of knowledge management in the decision- making processes of workers at Aqaba Container Port Company (ACT) in Jordan: دور إدارة المعرفة في عمليات اتخاذ القرار لدى العاملين في شركة ميناء حاويات العقبة في الأردن

2020 ◽  
Vol 4 (9) ◽  
Author(s):  
Fayiz Emad Addin Awad Sharari
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Knowledge Generation ◽  
Decision Making Process ◽  
Container Port ◽  
Decision Making Processes ◽  
Objective System

The study aimed to reveal the role of knowledge management in decision- making processes among workers at Aqaba Container Port Company in Jordan، the study sample consisted of (193) males and (57) females، and among the most important findings of the study: there are statistically significant differences between Average degrees of variables (knowledge generation، knowledge storage، knowledge distribution، and application of knowledge) that were in favor of females and also here are statistically significant differences for the decision- making process that were in favor of males، and also that knowledge management is an important and necessary tool for practicing the various administrative activities in the company، and work to provide requirements and requirements for applying knowledge management in the company and in other fields، where the researcher made the following recommendations: The need for the company to adopt an objective system of material and moral incentives that rewards knowledge efforts، as well as encouraging workers to be creative and produce knowledge، and strive towards developing their knowledge capabilities.

scholarly journals ACCOUNTING STUDENT LEADERSHIP BEHAVIOR: A DILEMMA FOR HIGHER EDUCATION

2019 ◽  
Vol 1 (02) ◽  
pp. 112-125
Author(s):  
Yusep Mulyana ◽  
Asep Kurniawan
Keyword(s):  
Decision Making ◽  
Career Choices ◽  
Leadership Behavior ◽  
Student Leadership ◽  
Accounting Students ◽  
Decision Making Process ◽  
Decision Making Processes ◽  
The Relationship ◽  
Accounting Student

The position and role of accountants in organizations are not related to decision-making positions and for this reason accounting students do not identify themselves as leaders in their future careers. Motivated by these assumptions, this study aims to determine the relationship between curriculum and ethics on career choices of accounting students and to find out the relationship between curriculum and decision making processes on accounting student leadership behavior. The samples used in the study were 70 respondents from STIESA accounting students and KUIS accounting students. Analysis of the data in this study uses correlation analysis with the help of SPSS version 22. The results of the analysis show that the relationship between curriculum and career choices in STIESA is negative, in QUIZ is positive and when combined STIESA and QUIZ the relationship that occurs is positive. The relationship that occurs between ethics and career choices in STIESA, QUIZ and in general when the analysis is combined is positive. While the relationship between curriculum and leadership behavior at STIESA is negative, the QUI is positive and the combination of STIESA and QUI is positive. Then the relationship that occurs between the decision making process and leadership behavior in STIESA, QUIZ and in general when the analysis is combined between STIESA students and QUI students is positive.

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