A journey around decision-making: Searching for the “big picture” across disciplines

Paola Adinolfi

European Management Journal, 2021, vol. 39, issue 1, 9-21

Abstract: This paper carries out an interdisciplinary literature review to develop an updated framework that integrates all aspects of decision-making. It proposes a framework that combines the evolutionary perspective with the complexity theory to integrate the ontological communalities between the examined disciplines (operational research, psychology and management). Decision-making is regarded as a systemic, multi-tiered information-based process, founded on the interaction of the decision-maker with the environment in a sort of learning path which co-evolves through variation–selection–retention mechanisms nourished by environmental feedback.

Keywords: Managerial decision-making; Complexity theory; Evolutionary theory; Intuition; Emergence; Managerial education (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:39:y:2021:i:1:p:9-21

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DOI: 10.1016/j.emj.2020.06.003

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