Decision theories and methodologies

Victor Tang*, Kevin Otto, Warren Seering

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

1 Citation (Scopus)

Abstract

This chapter introduces the extant decision theories. Whereas the literature segments the field into the Normative, Descriptive, and Prescriptive theories, we identify a fourth. That is the Declarative strand of decision-making. We discuss all four strands of research and praxis. We locate our prescriptive paradigm in the Prescriptive segment. We discuss the question of what is a good decision and a good process. We will close this question in Chap. 10 after we have had the opportunity to illustrate the use of the machinery of our prescriptive paradigm in the main body of the book.

Original languageEnglish
Title of host publicationContributions to Management Science
Pages63-105
Number of pages43
DOIs
Publication statusPublished - 1 Sep 2018
MoE publication typeA3 Part of a book or another research book

Publication series

NameContributions to Management Science
ISSN (Print)1431-1941
ISSN (Electronic)2197-716X

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