Humble Decision-Making Theory

Amitai Etzioni

Public Management Review, 2014, vol. 16, issue 5, 611-619

Abstract: Behavioural economics provides unusually robust data that show that people have hardwired, systematic cognitive biases that greatly limit their intellectual capabilities. From these observations follows a set of general guidelines for decision-making - humble decision-making theory - that if widely adopted may prevent decision-makers of all types from erring, encourage wiser decisions, and enhance overall contentment by helping those making and affected by decisions to moderate their expectations.

Date: 2014
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DOI: 10.1080/14719037.2013.875392

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