Rational Decision-Making

Rudolf Grünig () and Richard Kühn ()
Additional contact information
Rudolf Grünig: University of Fribourg

Chapter 4 in Successful Decision-Making, 2013, pp 23-31 from Springer

Abstract: Abstract Chapter 4 deals with rationality in decision-making. Based on a concrete example, a descriptive model of a decision-making process is developed. This model forms the basis for discussing rationality. Based on the distinction between substantial and formal rationality, it is explained why substantial rationality is not possible. Then the requirements of formal rationality in decision-making are introduced.

Keywords: Decision Problem; Rational Decision; Management Science; Decision Situation; Sales Manager (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-32307-2_4

Ordering information: This item can be ordered from
http://www.springer.com/9783642323072

DOI: 10.1007/978-3-642-32307-2_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().