Decision Analysis and Political Processes

Simon French () and Nikolaos Argyris ()
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Simon French: Department of Statistics, University of Warwick, Coventry CV4 7AL, United Kingdom;
Nikolaos Argyris: School of Business and Economics, Loughborough University, Leicestershire LE11 3TU, United Kingdom

Decision Analysis, 2018, vol. 15, issue 4, 208-222

Abstract: Decision analysis has been with us for at least half a century. Over that time, it has developed from a theoretical paradigm for individual rational choice to a practical tool for individuals, small groups, and “unitary” organizations, which helps them toward sound decision making mindful of the behavioural characteristics of individuals and group dynamics. Decision analysis has also shown its worth in the context of stakeholder engagement and public participation. The time is right for it to be more widely used in making societal decisions. However, to achieve that, we need to realize that in many circumstances it will only be one input to the political process that leads to the actual decision. Recognizing that suggests that our community of decision analysts needs to deconstruct our paradigm and attend more to communicating the result of the analysis in comparison with other inputs to the societal decision.

Keywords: Bayesian decision analysis; political process; public participation; stakeholder engagement; System 1 and System 2 societal deliberation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ordeca:v:15:y:2018:i:4:p:208-222

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