Pragmatics

Richard M. Adler
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Richard M. Adler: DecisionPath

Chapter Chapter 14 in Bending the Law of Unintended Consequences, 2020, pp 241-252 from Springer

Abstract: Abstract Executives tend to view new approaches to decision-making with a healthy dose of skepticism: why bet an enterprise’s future (and personal reputations) on the decision test drive method? When exposed to new analytic methods, executives and managers typically pose several questions. Sections 14.1 through 14.6 of this chapter address the following important concerns about the decision text drive method: Why should we trust this new method? What about “garbage in, garbage out” (GIGO)? What about unknown unknowns such as rare “black swan” events? What return on investment (ROI) does this new method produce? What collateral benefits does the new method provide? What guarantees does the new method offer?

Keywords: Decision test drive; Testing; Validation and verification; Unknown unknowns; ROI; Black swans; GIGO (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-32714-9_14

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DOI: 10.1007/978-3-030-32714-9_14

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