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A Multidimensional Framework for Financial-Economic Decisions

Winfried Hallerbach and Jaap Spronk

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: Most financial-economic decisions are made consciously, with a clear and constant drive to "good", "better" or even "optimal" decisions. Nevertheless, many decisions in practice do not earn these qualifications, despite the availability of financial economic theory, decision sciences and ample resources. We plea for the development of a multidimensional framework to support financial economic decision processes. Our aim is to achieve a better integration of available theory and decision technologies. We sketch (a) what the framework should look like, (b) what elements of the framework already exist and which not, and (c) how the MCDA community can co-operate in its development.

Keywords: decision analysis; decision making; finance; financial decisions; multiple criteria (search for similar items in EconPapers)
JEL-codes: C44 G3 G30 M M41 (search for similar items in EconPapers)
Date: 2003-04-29
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Citations: View citations in EconPapers (7)

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