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Pragmatics

In: Bending the Law of Unintended Consequences

Author

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  • Richard M. Adler

    (DecisionPath)

Abstract

Executives tend to view new approaches to decision-making with a healthy dose of skepticism: why bet an enterprise’s future (and personal reputations) on the decision test drive method? When exposed to new analytic methods, executives and managers typically pose several questions. Sections 14.1 through 14.6 of this chapter address the following important concerns about the decision text drive method: Why should we trust this new method? What about “garbage in, garbage out” (GIGO)? What about unknown unknowns such as rare “black swan” events? What return on investment (ROI) does this new method produce? What collateral benefits does the new method provide? What guarantees does the new method offer?

Suggested Citation

  • Richard M. Adler, 2020. "Pragmatics," Springer Books, in: Bending the Law of Unintended Consequences, chapter 0, pages 241-252, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-32714-9_14
    DOI: 10.1007/978-3-030-32714-9_14
    as

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