Smart Economic Decision-Making in a Complex World
  • Author : Morris Altman
  • Release Date : 19 June 2020
  • Publisher : Academic Press
  • Genre : Business & Economics
  • Pages : 302
  • ISBN 13 : 9780128114612

Download Or Read Smart Economic Decision-Making in a Complex World eBook PDF

Book excerpt: 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

Smart Economic Decision Making in a Complex World

Smart Economic Decision Making in a Complex World

Author : Morris Altman
Publisher : Academic Press
Genre : Business & Economics
Get Book

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 ...

Smart Economic Decision Making in a Complex World

Smart Economic Decision Making in a Complex World

Author : Morris Altman
Publisher : Academic Press
Genre : Business & Economics
Get Book

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 ...

Dynamic Economic Decision Making

Dynamic Economic Decision Making

Author : John Silvia
Publisher : John Wiley & Sons
Genre : Business & Economics
Get Book

A comprehensive analysis of the macroeconomic and financialforces altering the economic landscape Financial decision-making requires one to anticipate how theirdecision will not only affect their business, but also the economicenvironment. Unfortunately, all too often, both private and publicsector decision-makers view their decisions as one-off responsesand fail to see their decisions ...

Eyes Wide Open

Eyes Wide Open

Author : Noreena Hertz
Publisher : Harper Collins
Genre : Business & Economics
Get Book

Eyes Wide Open: How to Make Smart Decisions in a Confusing World is Noreena Hertz’s practical, cutting-edge guide to help you cut through the data deluge and make smarter and better choices, based on her highly popular TED talk. In this eye-opening handbook, the internationally noted speaker, economics expert, ...

Simple Rules

Simple Rules

Author : Donald Sull,Kathleen M. Eisenhardt
Publisher : Houghton Mifflin Harcourt
Genre : Business & Economics
Get Book

Outlines an approach to high-performance problem-solving and decision-making that draws on insights from survival guides, pop culture and other sources. Co-written by the award-winning author of The Upside of Turbulence. 75,000 first printing....

Managerial Economics

Managerial Economics

Author : Lila J. Truett,Dale B. Truett
Publisher : Wiley
Genre : Business & Economics
Get Book

Truett and Truett's Eighth Edition shows how to use economic analysis to solve problems and make effective decisions in the complex world of business. The highly successful problem-solving approach, clear and accurate presentation of economic theory, and outstanding cases combine to make the best presentation of managerial economics yet. * Walks ...

Simple Heuristics that Make Us Smart

Simple Heuristics that Make Us Smart

Author : Gerd Gigerenzer,Peter M. Todd,ABC Research Group
Publisher : Oxford University Press
Genre : Psychology
Get Book

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 ...

Smart Decisions in Complex Systems

Smart Decisions in Complex Systems

Author : Pierre Massotte,Patrick Corsi
Publisher : John Wiley & Sons
Genre : Business & Economics
Get Book

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 ...

The Fourth Industrial Revolution

The Fourth Industrial Revolution

Author : Klaus Schwab
Publisher : Currency
Genre : Business & Economics
Get Book

Between the 18th and 19th centuries, Britain experienced massive leaps in technological, scientific, and economical advancement...

Tackling Complexity

Tackling Complexity

Author : Gilbert Probst,Andrea Bassi
Publisher : Routledge
Genre : Business & Economics
Get Book

Our socio-economic systems continue to grow and evolve. We need to acknowledge that, consequently, our decisions often fail – they are ineffective and create unexpected side effects. The speed of execution is increasing constantly and markets and systems respond almost immediately, making decision-making challenging. There is little or no room for ...

Think Again

Think Again

Author : Sydney Finkelstein,Jo Whitehead,Andrew Campbell
Publisher : Harvard Business Press
Genre : Business & Economics
Get Book

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 ...

Market Engineering

Market Engineering

Author : Henner Gimpel,Jan Krämer,Dirk Neumann,Jella Pfeiffer,Stefan Seifert,Timm Teubner,Daniel J. Veit,Anke Weidlich
Publisher : Springer Nature
Genre : Application software
Get Book

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, ...

Fear of Missing Out

Fear of Missing Out

Author : Patrick J. McGinnis
Publisher : Sourcebooks, Inc.
Genre : Self-Help
Get Book

What are you really missing out on? You're home on a Friday night, scrolling through Instagram, ready to go to bed. You see pictures on your timeline of a party you were invited to, but didn't go to. You were confident when you said no, but now you can't stop ...