Smart Economic Decision Making in a Complex World

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for 'smart and rational' decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the 'smart' decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of 'smart and rational' approaches

Produk Detail:

  • Author : Morris Altman
  • Publisher : Academic Press
  • Pages : 302 pages
  • ISBN : 0128114614
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKSmart Economic Decision Making in a Complex World

Smart Economic Decision-Making in a Complex World

Smart Economic Decision-Making in a Complex World
  • Author : Morris Altman
  • Publisher : Academic Press
  • Release : 19 June 2020
GET THIS BOOKSmart Economic Decision-Making in a Complex World

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best

Smart Economic Decision-Making in a Complex World

Smart Economic Decision-Making in a Complex World
  • Author : Morris Altman
  • Publisher : Academic Press
  • Release : 05 June 2020
GET THIS BOOKSmart Economic Decision-Making in a Complex World

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best

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  • Publisher : Houghton Mifflin Harcourt
  • Release : 21 April 2015
GET THIS BOOKSimple Rules

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  • Publisher : Wiley
  • Release : 16 July 2003
GET THIS BOOKManagerial Economics

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  • Publisher : Springer Nature
  • Release : 03 July 2022
GET THIS BOOKMarket Engineering

This open access book provides a broad range of insights on market engineering and information management. It covers topics like auctions, stock markets, electricity markets, the sharing economy, information and emotions in markets, smart decision-making in cities and other systems, and methodological approaches to conceptual modeling and taxonomy development. Overall, this book is a source of inspiration for everybody working on the vision of advancing the science of engineering markets and managing information for contributing to a bright, sustainable, digital

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  • Publisher : Harvard Business Press
  • Release : 03 February 2009
GET THIS BOOKThink Again

Why do smart and experienced leaders make flawed, even catastrophic, decisions? Why do people keep believing they have made the right choice, even with the disastrous result staring them in the face? And how can you be sure you're making the right decision--without the benefit of hindsight? Sydney Finkelstein, Jo Whitehead, and Andrew Campbell show how the usually beneficial processes of the human mind can become traps when we face big decisions. The authors show how the shortcuts our brains

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  • Author : National Intelligence Council
  • Publisher : Cosimo Reports
  • Release : 01 March 2021
GET THIS BOOKGlobal Trends 2040

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested,

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  • Author : Gerd Gigerenzer,Peter M. Todd,ABC Research Group
  • Publisher : Oxford University Press
  • Release : 12 October 2000
GET THIS BOOKSimple Heuristics that Make Us Smart

Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is

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  • Author : Daniel Wagner,Dante Disparte
  • Publisher : Springer
  • Release : 12 August 2016
GET THIS BOOKGlobal Risk Agility and Decision Making

In Global Risk Agility and Decision Making, Daniel Wagner and Dante Disparte, two leading authorities in global risk management, make a compelling case for the need to bring traditional approaches to risk management and decision making into the twenty-first century. Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address

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  • Release : 18 May 2021
GET THIS BOOKNoise

From the Nobel Prize-winning author of Thinking, Fast and Slow and the coauthor of Nudge, a revolutionary exploration of why people make bad judgments and how to make better ones—"a tour de force” (New York Times). Imagine that two doctors in the same city give different diagnoses to identical patients—or that two judges in the same courthouse give markedly different sentences to people who have committed the same crime. Suppose that different interviewers at the same firm make

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  • Author : Pierre Massotte,Patrick Corsi
  • Publisher : John Wiley & Sons
  • Release : 06 July 2017
GET THIS BOOKSmart Decisions in Complex Systems

Faced with ever-increasing complexity on a daily basis, the decision-makers of today are struggling to find the appropriate models, methods and tools to face the issues arising in complex systems across all levels of global operations. Having, in the past, resorted to outdated approaches which limit problem-solving to linear world views, we must now capitalize on complexities in order to succeed and progress in our society. This book provides a guide to harnessing the wealth inherent to complex systems. It

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  • Publisher : Unknown Publisher
  • Release : 22 June 2017
GET THIS BOOKDebate the Issues

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  • Publisher : Unknown Publisher
  • Release : 06 August 2019
GET THIS BOOKLearn Systems Thinking

The challenges of the 21st century - from humanitarian to economic to environmental-demand new ways of thinking and more complex, flexible ways of acting. We no longer live in a disconnected world, due to the advances in technology and travel; a globalized world and economy require different approaches. "Systems thinking" is a highly developed and influential way of looking at the myriad and complicated interactions between humans, institutions, and natural processes.This book will help you understand the basics of