Theory and Decision Library C

Verbal Decision Analysis for Unstructured Problems

Authors: Larichev, Oleg I., Moshkovich, Helen M.

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About this book

A central problem of prescriptive decision making is the mismatch between the elegant formal models of decision theory and the less elegant, informal thinking of decision makers, especially when dealing with ill-structured situations. This problem has been a central concern of the authors and their colleagues over the past two decades. They have wisely (to my mind) realized that any viable solution must be informed by a deep understanding of both the structural properties of alternative formalisms and the cognitive demands that they impose on decision makers. Considering the two in parallel reduces the risk of forcing decision makers to say things and endorse models that they do not really understand. It opens the door for creative solutions, incorporating insights from both decision theory and cognitive psychology. It is this opportunity that the authors have so ably exploited in this important book. Under the pressures of an interview situation, people will often answer a question that is put to them. Thus, they may be willing to provide a decision consultant with probability and utility assessments for all manner of things. However, if they do not fully understand the implications of what they are saying and the use to which it will be put, then they cannot maintain cognitive mastery of the decision models intended to represent their beliefs and interests.

Table of contents (7 chapters)

  • Introduction

    Larichev, Oleg I. (et al.)

    Pages 1-7

  • Individual Decision Making: Approaches and Methods

    Larichev, Oleg I. (et al.)

    Pages 9-50

  • A new Approach to Unstructured Problems of Decision Making

    Larichev, Oleg I. (et al.)

    Pages 51-96

  • The Method ZAPROS-LM for Partial Rank-Ordering of Multiattribute Alternatives

    Larichev, Oleg I. (et al.)

    Pages 97-151

  • The Method PACOM for the Selection of the Best Alternative

    Larichev, Oleg I. (et al.)

    Pages 153-187

Buy this book

eBook $139.00
price for USA in USD (gross)
  • ISBN 978-1-4757-2638-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.99
price for USA in USD
  • ISBN 978-0-7923-4578-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.99
price for USA in USD
  • ISBN 978-1-4419-4777-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Verbal Decision Analysis for Unstructured Problems
Authors
Series Title
Theory and Decision Library C
Series Volume
17
Copyright
1997
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4757-2638-1
DOI
10.1007/978-1-4757-2638-1
Hardcover ISBN
978-0-7923-4578-7
Softcover ISBN
978-1-4419-4777-2
Series ISSN
0924-6126
Edition Number
1
Number of Pages
XII, 260
Topics