Analyses of Consensus Building Models Based on the Prospect Theory for Equilibrium States

2021 ◽  
Vol 90 (10) ◽  
pp. 104803
Author(s):  
Yota Nonaka ◽  
Syuji Miyazaki
2012 ◽  
Vol 1 (3) ◽  
pp. 154 ◽  
Author(s):  
Ik Muo ◽  
B. E.A Oghojafor

This paper studies the OHAZURUME philosophy and practice of decision making and consensus building among the Ndigbos (the Igbos) of Nigeria. OHAZURUME, which literarily means ‘it is the communal will; is a, philosophy and practice that ensures that decisions are easily accepted because of its collective properties.  Because the issue is decided collectively by the ‘oha’ [the people], no individual can upturn it.   OHAZURUME draws from the overall ‘ohaka’[the community is supreme] philosophy and  is predicated on the conditions that the matter is tabled openly for discussion, that EVERYBODY  is allowed to contribute and that the preponderance of public opinion is upheld as the communal judgment. This paper adopts the participant observation and interview methods and identifies a simple, Nine-stage process of OHAZURUME and establishes that  as in other decentralized systems, individual rights and views are respected; individuals accept and respect the  communal interest;  dissent is accommodated; there is direct participation in decision making  and every eligible male has equal right. The paper also undertakes a comparative analysis and discovers that OHAZURUME shares the basic features of other consensus building models like Japanese, Quaker, and CODM, which include group ownership of decisions, participation, and respect for dissention.  The paper avers that the key attraction of OHAZURUME is its simplicity. The implication of this study, especially for an international audience is that it develops and articulates a new management concept and practice, enlarges the  consensus literature, identifies management philosophies and practices from other climes and expands the dimensions to comparative management.


2008 ◽  
pp. 77-88
Author(s):  
M. Likhachev

The article is devoted to the analysis of methodological problems in using the conception of macroeconomic equilibrium in contemporary economics. The author considers theoretical status and relevance of equilibrium conception and discusses different areas and limits of applicability of the equilibrium theory. Special attention is paid to different epistemological criteria for this theory taking into account both empirical analysis of the real stability of economic systems and the problem of unobservability of equilibrium states.


2011 ◽  
pp. 89-100
Author(s):  
Thong Khon

This paper analyses the development of tourism and ecotourism in Cambodia. The paper shows that tourism not only helps the country to earn foreign income but also helps raise its identity in the eyes of the world. Alternative tourism including ecotourism has recently been introduced in Cambodia. For Cambodia, ecotourism is seen as a better option for tourism than conventional or mass tourism. Ecotourism development in Cambodia requires informed participation of all relevant stakeholders, as well as strong political leadership to ensure wide participation and consensus building.


2006 ◽  
Vol 35 (6) ◽  
pp. 331-334 ◽  
Author(s):  
Wolfgang Breuer ◽  
Marc Gürtler
Keyword(s):  

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