System Dynamics Glossary
What is the meaning of Decision (decision event)?
A decision is made, or a decision event occurs, when
the decision-maker (generally a single individual) surveys a known and
fixed set of alternatives, weighs the likely consequences of choosing
each, and makes a choice. [In an ideal situation], the
decision maker evaluates the options in terms of a set
of goals, purposes, or values that are stable over time,
and that he or she knows quite clearly (Klein, Orasanu,
Calderwook and Zsambok, 1993: 5).
Books Related to Decision (decision event)
James
Surowiecki, "The Wisdom of Crowds: Why the Many Are Smarter
Than the Few and How Collective Wisdom Shapes Business, Economies,
Societies and Nations".
—More information on The Wisdom of
Crowds: Why the Many Are Smarter Than the Few and
How Collective Wisdom Shapes Business, Economies, Societies and Nations
Elinor Ostrom,
Randall Calvert and Thrainn Eggertsson, "Governing the Commons : The
Evolution of Institutions for Collective Action (Political Economy of Institutions
and Decisions)".
—More information on Governing the Commons :
The Evolution of Institutions for Collective Action (Political Economy of
Institutions and Decisions)
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