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Books > Reference & Interdisciplinary > Communication studies > Decision theory > General
Winning takes many forms. For fans of Matthew Syed, this is a great
sports book about leadership, judgement and decision-making -
rooted in the theory that helped Ed Smith lead England cricket to
sustained success. And to help us all win more. 'An absolutely
fascinating book' THE GAME, The Times football pod How do you spot
the opportunities that others miss? How do you turn a team's
performance around? How do you make good decisions amid a tidal
wave of information? And how can you improve? As chief selector for
the England cricket team, Ed Smith pioneered new methods for
building successful teams and watched his decisions tested in real
time on the pitch. During his three-year tenure, England averaged 7
wins in every 10 completed matches, better than they have performed
before or since. Making Decisions reveals Smith's unique approach
to finding success in a fast-changing and increasingly data-reliant
world. The best decisions, Smith argues, rely on a combination of
differing kinds of intelligence: from algorithms to intuition. This
is a truth that the most successful people know: data cannot
account for everything, it must be harnessed with human insight.
Whatever the power of data, humans aren't finished yet. Sharing for
the first time the tools he introduced as England selector, Smith's
book captures the immediacy of life at the sharp end, while also
exploring frameworks from the top levels of sports, business and
the arts. Decision-making is revealed as a creative enterprise, not
a reductive system. Making Decisions offers an invaluable guide for
those who want a better framework for developing, explaining and
implementing new ideas.
The greatest challenge we face in dealing with the complexity of
our world? To think again and to think better. In a world that
challenges us with ever more complicated problems, the quality of
our thinking is a critical game-changer. As individuals,
organisations, societies, and cultures, we need to cultivate
thinking that is both insightful and farsighted. We must learn how
to mobilise and apply intelligence that goes beyond the ordinary -
one that continuously exceeds its own limits. The Postgraduate
School of Thinking, at the Vrije Universiteit in Brussels (VUB), is
an experimental program with the mission of challenging us all to
achieve just that. Deploying an innovative combination of
mobilisation methods, the program sets out to define the cognitive
strategies, practices, and habits that are the marks of exceptional
thinkers. This book features a variety of interdisciplinary
research articles and discussions that invite us to explore our
capacity for extraordinary thinking.
In mainstream economics, and particularly in New Keynesian
macroeconomics, the booms and busts that characterize capitalism
arise because of large external shocks. The combination of these
shocks and the slow adjustments of wages and prices by rational
agents leads to cyclical movements. In this book, Paul De Grauwe
argues for a different macroeconomics model--one that works with an
internal explanation of the business cycle and factors in agents'
limited cognitive abilities. By creating a behavioral model that is
not dependent on the prevailing concept of rationality, De Grauwe
is better able to explain the fluctuations of economic activity
that are an endemic feature of market economies. This new approach
illustrates a richer macroeconomic dynamic that provides for a
better understanding of fluctuations in output and inflation.
De Grauwe shows that the behavioral model is driven by
self-fulfilling waves of optimism and pessimism, or animal spirits.
Booms and busts in economic activity are therefore natural outcomes
of a behavioral model. The author uses this to analyze central
issues in monetary policies, such as output stabilization, before
extending his investigation into asset markets and more
sophisticated forecasting rules. He also examines how well the
theoretical predictions of the behavioral model perform when
confronted with empirical data. Develops a behavioral macroeconomic
model that assumes agents have limited cognitive abilities Shows
how booms and busts are characteristic of market economies Explores
the larger role of the central bank in the behavioral model
Examines the destabilizing aspects of asset markets
Whilst a great deal of progress has been made in recent decades,
concerns persist about the course of the social sciences. Progress
in these disciplines is hard to assess and core scientific goals
such as discovery, transparency, reproducibility, and cumulation
remain frustratingly out of reach. Despite having technical acumen
and an array tools at their disposal, today's social scientists may
be only slightly better equipped to vanquish error and construct an
edifice of truth than their forbears - who conducted analyses with
slide rules and wrote up results with typewriters. This volume
considers the challenges facing the social sciences, as well as
possible solutions. In doing so, we adopt a systemic view of the
subject matter. What are the rules and norms governing behavior in
the social sciences? What kinds of research, and which sorts of
researcher, succeed and fail under the current system? In what ways
does this incentive structure serve, or subvert, the goal of
scientific progress?
This innovative textbook makes the tools and applications of game
theory and strategic reasoning both fascinating and easy to
understand. Each chapter focuses a specific strategic situation as
a way of introducing core concepts informally at first, then more
fully, with a minimum of mathematics. At the heart of the book is a
diverse collection of strategic scenarios, not only from business
and politics, but from history, fiction, sports, and everyday life
as well. With this approach, students don't just learn clever
answers to puzzles, but instead acquire genuine insights into human
behaviour. Written for major courses in economics, business,
political science, and international relations, this textbook is
accessible to students across the undergraduate spectrum.
This book offers a comprehensive introduction to decision-making in
an MCDM framework. Designed as a tutorial, it presents the main
concepts and methods to be applied, together with essential
background information. This includes the concept of nondominance,
Simon's bounded rationality, Tversky and Kahneman's prospect
theory, and the concepts of behavioral vs. mathematical convergence
and premature stopping put forward by Korhonen, Moskowitz and
Wallenius. The book concludes with a non-technical review of many
popular decision algorithms, including the Analytic Hierarchy
Process (AHP), VIMDA, and a number of classic interactive
man-machine algorithms. In essence, the book is a "one-stop" source
on everything you need to know about managerial decision-making in
the multiple-criteria setting.
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