decision making

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decision making

Making choices. The proper balance of human and machine decision making is an important part of a system's design.

Human Decision Making Is Complex
It is easy to think of automating tasks traditionally performed by people, but it is not that easy to analyze how decisions are made by an experienced, intuitive worker. If an improper analysis of human decision making is made, the wrong decision making may be placed into the machine, which can get buried in documentation that is rarely reviewed. This will become a critical issue as artificial intelligence applications proliferate. See AI.

Algorithmic or Heuristic
From a programming point of view, decision making is performed two ways: algorithmic, a precise set of rules and conditions that never change, or heuristic, a set of rules that may change over time (self-modify) as conditions occur. Heuristic techniques are employed in AI systems.

decision making

the processes by which individuals, or groups and organizations, decide actions or determine policies. Obviously, decision making covers a wide area, involving virtually the whole of human action. Sociologists, psychologists and political scientists, among others, have been interested in decision making in different ways, though there are overlapping interests. These perspectives include: formal analysis of the decision strategies of actors in competitive situations (as in THEORY OF GAMES, and in approaches derived from Economics, e.g. see EXCHANGE THEORY); analysis of decision-making behaviour in the dynamics of small groups (see GROUP DYNAMICS); studies of organizations (see ORGANIZATION THEORY); studies of access to political decision-making (see COMMUNITY POWER).
References in periodicals archive ?
For example, if a multinational enterprise's actual performance falls short of aspirations set with reference to key competitors, decision-makers within the multinational will search for a solution that allows them to improve performance relative to these competitors.
The final catalyst for ROI optimization and growth is the ability to visually represent brand performance in a manner that best informs decision-makers. If these three elements -- rich integrated data sets, prescriptive analytics, and insightful technology that allows for interactive visualization -- can be delivered rapidly CPG retailers will be well equipped to adjust pricing promotions displays and store layouts in ways that maximize consumer attention and loyalty.
where [Q.sub.r0] stands for the quantity of "twin security" hold by overconfident decision-maker before decision making, [Q.sub.r1] is the quantity of "twin security" hold by overconfident decision-maker after decision making, [Q.sub.f0] is the quantity of the risk-free security hold by overconfident decision-maker before decision-making, and [Q.sub.f1] is the quantity of the risk-free security hold by overconfident decision-maker after decision-making.
If the decision-maker's exposure to variability of entity returns differs (e.g., by holding subordinated interests) from other entity investors;
Looking for more advice on dealing with the gatekeepers and getting straight through to the decision-makers?
They were concerned that their telesales team had recently been connecting to decision-makers less and less frequently.
The study finds that measures of awareness such as different levels of formal education of decision-makers and their informal exposure to mass media have statistically significant effects on the willingness to pay for drinking-water purification devices that can be adopted at home.
If the decision-maker is subject to administrative law, the next step is to decide if the administrator has acted within her scope of authority.
Percentage of women who identified themselves as the primary decision-maker in home improvement projects
If the resident can no longer communicate and there is no surrogate decision-maker, try to determine what types of treatments the resident would want by talking to relatives and friends, then document these findings.
Quality decisions validate positive decision-maker reputations, increase receptiveness to serve on future decision-making groups, and heighten confidence that positive results will emanate from such decisions.

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