IDEAS home Printed from https://ideas.repec.org/a/igg/jkss00/v11y2020i2p86-107.html
   My bibliography  Save this article

Managing Asymmetric Information Effects in Decision-Making Productivity-Based Model

Author

Listed:
  • Zina Houhamdi

    (Software Engineering Department, College of Engineering, Al Ain University, Al Ain, UAE)

  • Belkacem Athamena

    (Business Administration Department, College of Business, Al Ain University, Al Ain, UAE)

  • Ghaleb El Refae

    (Business Administration Department, College of Business, Al Ain University, Al Ain, UAE)

Abstract

Making the correct decision requires the possession of sufficient information regarding each alternative possible solution. Nevertheless, the investigation of all possible solutions to select the best alternative is complex and expensive. This article addresses the Principal-Agent problem, where the key feature is asymmetric information. Asymmetric information approaches the decision investigations in a business context, where one participant possesses more or better information than the second party. The authors consider the case where the principal is more knowledgeable than the agent. The article proposes a formal model for assessing agent competence based on his productivity and the principal assessment. The model output helps the agent to make the correct decision.

Suggested Citation

  • Zina Houhamdi & Belkacem Athamena & Ghaleb El Refae, 2020. "Managing Asymmetric Information Effects in Decision-Making Productivity-Based Model," International Journal of Knowledge and Systems Science (IJKSS), IGI Global, vol. 11(2), pages 86-107, April.
    • Handle: RePEc:igg:jkss00:v:11:y:2020:i:2:p:86-107
    as

    Download full text from publisher

    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJKSS.2020040105
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:igg:jkss00:v:11:y:2020:i:2:p:86-107. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journal Editor (email available below). General contact details of provider: https://www.igi-global.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.