Since 2014
Simulation Models of Human Decision-Making Processes
Management Dynamics in the Knowledge Economy
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| Title |
Simulation Models of Human Decision-Making Processes
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| Creator |
RIZUN, Nina; Alfred Nobel University
TARANENKO, Yurii; Alfred Nobel University |
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| Description |
The main purpose of the paper is presentation of the new concept of human decision-making process modeling via using the analogy with Automatic Control Theory. From the author's point of view this concept allows to develop and improve the theory of decision-making in terms of the study and classification of specificity of the human intellectual processes in different conditions. It was proved that the main distinguishing feature between the Heuristic / Intuitive and Rational Decision-Making Models is the presence of so-called phenomenon of "enrichment" of the input information with human propensity, hobbies, tendencies, expectations, axioms and judgments, presumptions or bias and their justification. In order to obtain additional knowledge about the basic intellectual processes as well as the possibility of modeling the decision results in various parameters characterizing the decision-maker, the complex of the simulation models was developed. These models are based on the assumptions that: basic intellectual processes of the Rational Decision-Making Model can be adequately simulated and identified by the transient processes of the proportional-integral-derivative controller; basic intellectual processes of the Bounded Rationality and Intuitive Models can be adequately simulated and identified by the transient processes of the nonlinear elements.The taxonomy of the most typical automatic control theory elements and their compliance with certain decision-making models with a point of view of decision-making process specificity and decision-maker behavior during a certain time of professional activity was obtained.
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| Publisher |
Faculty of Management, National University of Political Studies and Public Administration
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| Contributor |
—
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| Date |
2014-10-06
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.managementdynamics.ro/index.php/journal/article/view/59
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| Source |
Management Dynamics in the Knowledge Economy; Vol 2, No 2 (2014): Issue 5; 241-264
2392-8042 2286-2668 |
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| Language |
eng
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| Relation |
http://www.managementdynamics.ro/index.php/journal/article/view/59/46
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