IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/22480_5.html
   My bibliography  Save this book chapter

Patterns, methods and algorithms for decision-making

In: Decisions, Preferences, and Heuristics

Author

Listed:
  • .

Abstract

This chapter describes the three major patterns of economic decision-making, i.e., heuristics, deliberation, and the transfer of decisional power, as well as their multiple algorithms, which are studied in detail. There are two further sections: one on the comparative effectiveness of heuristic algorithms versus rational computational methods, and the one on people’s understanding of probabilistic phenomena.

Suggested Citation

  • ., 2023. "Patterns, methods and algorithms for decision-making," Chapters, in: Decisions, Preferences, and Heuristics, chapter 5, pages 152-229, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22480_5
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781035315277.00009
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tigges, Maximilian & Mestwerdt, Sönke & Tschirner, Sebastian & Mauer, René, 2024. "Who gets the money? A qualitative analysis of fintech lending and credit scoring through the adoption of AI and alternative data," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    2. Vogl, Markus & Kojić, Milena & Mitić, Petar, 2024. "Dynamics of green and conventional bond markets: Evidence from the generalized chaos analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 633(C).

    More about this item

    Keywords

    Economics and Finance;

    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:elg:eechap:22480_5. 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.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.