Search results for keyword: bias
uncertain decision making
Uncertainty Modeling Decision Making
The ability to effectively make decisions is critical for any business or organization, but uncertainty can cause significant difficulty in decision making. Uncertainty is an expected difficulty in the decision making process, and it is one of the key factors ......
1055 
Jason
Uncertainty Analysis
Uncertainty Analysis
Uncertainty analysis is the process of determining how much uncertainty is associated with the results of a research study or analysis. It is an important component of any scientific research and is used to make sure that the results of a study are reliable and valid. This fo......
Aspenedeau effect
The Alsberg Effect
The Alsberg Effect is a phenomenon that occurs in which a particular action or sensory stimulus elicits a particular response. It was originally described by psychologist Constantin Alsberg in 1928 while conducting research on reaction times to sound stimuli. Since then, the Al......
point weighting
Article about Point Weighting Method
Point weighting method is a method of decision making that gives people the ability to assign different amount of significance to different data points. For example, a person might assign more significance to the most recent data points than to older ones. Thi......
Aetna effect
Introduction
The Sanford-Twombly Effect, also known as the Anti-Twombly Effect, is an economic phenomenon initially described by Sanford Robertson in 1953. The effect is based on the observation that when the price of a commodity is lowered, its demand increases. This phenomenon has been studied ......
Okap evaluation method
The Analytic Hierarchy Process, frequently referred to as AHP or the Analytical Hierarchical Process, is a popular and widely used technique for decision making, problem structuring and resource allocation. It is the brainchild of Thomas L. Saaty, professor emeritus at the University of Pittsburgh......
Proportional Control Evaluation Technique
Introduction
As the internet has advanced and globalizes, the way business is conducted has changed dramatically. Electronic Performance Evaluation (EPE) has emerged as an efficient and cost-effective performance management solution. This paper will discuss the benefits of EPE as well as some bes......
participant observation
Participant Observation
Participant observation is a research method in which an investigator participates in the environment she is studying. It is a type of field research in which an investigator observes and takes notes on peoples behavior while they partake in their normal activities. This m......
Persons' Theory of Administrative Organization
The Principles of Max Webers Administrative Theory
Introduction
Max Weber (1864 – 1920) is known as one of the most renowned and influential political thinkers of the twentieth century. He is especially recognized for his contribution to the development of the discipline of sociology. From the ......
Bandura's reciprocal determinism
Bounded Rationality and Interaction: the Theory of Herbert A. Simon
Abstract
Herbert A. Simon developed the theory of bounded rationality in a series of works that aimed to provide rational explanations for decisions and choices made by humans. By definition, bounded rationality is the state of ......
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