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Human Errors in Decision Making

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Author Info
Mohamad , Shahriari
Aliandrina, Dessy
Feng, Yan
Abstract

The aim of this paper was to identify human errors in decision making process. The study was focused on a research question such as: what could be the human error as a potential of decision failure in evaluation of the alternatives in the process of decision making. Two case studies were selected from the literature and analyzed to find the human errors contribute to decision fail. Then the analysis of human errors was linked with mental models in evaluation of alternative step. The results of the study showed that five human errors occur in the evaluation of alternatives step; ignorance or neglect, overconfidence, underestimate, moral and fail to see, which led to un-achievement of objectives

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File URL: http://mpra.ub.uni-muenchen.de/8171/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8171.

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Date of creation: 13 Apr 2005
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Handle: RePEc:pra:mprapa:8171

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Related research
Keywords: Decision making process human errors mental models decision fail

Find related papers by JEL classification:
D0 - Microeconomics - - General
Y8 - Miscellaneous Categories - - Related Disciplines
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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  1. Christopher F. Baum, 2004. "Topics in time series regression modeling," United Kingdom Stata Users' Group Meetings 2004 7, Stata Users Group, revised 26 Jul 2004. [Downloadable!]
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This page was last updated on 2008-11-18.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.