Decision analysis represents a practical framework for environmental decision making in the face of uncertainty. Aa Aa Aa The conservation of species and ecosystems represents a fundamental challenge ...

The purpose of our nervous system is to allow us to successfully interact with our environment. This normative idea is formalized by decision theory that defines which choices would be most beneficial ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

The Management Information and Decision Support System (MIDS) has been supporting senior executives at Lockheed-Georgia for the past eight years. MIDS combines off-the-shelf hardware with in-house ...

Next Army is a collaborative series by CSIS Futures Lab and the Modern War Institute launched in honor of the U.S. Army’s 250th birthday and the Army Transformation Initiative (ATI). The commentaries ...

BOSTON, MA—Howard Raiffa, Harvard University’s Frank Plumpton Ramsey Professor of Managerial Economics Emeritus (a joint endowed chair at Harvard Business School and Harvard Kennedy School), who was ...

The basis of contingency theory in management is that there is no one best way to handle any task or process. Whether organizing an entire company or planning a production work flow, the best solution ...

Why do people make short-term decisions that may not be in their long-term interest? An October 22-25 working group takes ...