Rational Decision-Making Method
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A Rational Decision-Making Method is a decision-making method that is directed by the preferences and beliefs of the decision-making agent.
- Context:
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- Counter-Example(s):
- See: Decision-Making Process, Important Decision, Complete Information Game, Decision-Making.
References
2015
- (Gomes, 2015) ⇒ Lee Gomes. (2015). “Facebook AI Director Yann LeCun on His Quest to Unleash Deep Learning and Make Machines Smarter.” In: Spectrum, 18 Feb. 2015.
- QUOTE: LeCun - … There are a few things that will push my buttons. One is political decisions that are not based on reality and evidence. I will react any time some important decision is made that is not based on rational decision-making.
2014
- http://www.businessdictionary.com/definition/rational-decision-making.html
- QUOTE: A method for systematically selecting among possible choices that is based on reason and facts. In a rational decision making process, a business manager will often employ a series of analytical steps to review relevant facts, observations and possible outcomes before choosing a particular course of action.
1999
- (Doyle, 1999) ⇒ Jon Doyle. (1999). “Rational Decision Making.” In: MIT encyclopedia of the cognitive sciences.
- QUOTE: Choosing among alternatives in a way that "properly" accords with the preferences and beliefs of an individual decision maker or those of a group making a joint decision; in particular ...
1979
- (Simon, 1979) ⇒ Herbert A. Simon. (1979). “Rational Decision Making in Business Organizations.” In: The American Economic Review.