Knowledge And Decisions

Author: Thomas Sowell
Publisher: Basic Books
ISBN: 1541602757
Category : Law
Languages : en
Pages : 607

Book Description
With a new preface by the author, this reissue of Thomas Sowell's classic study of decision making updates his seminal work in the context of The Vision of the Annointed, Sowell, one of America's most celebrated public intellectuals, describes in concrete detail how knowledge is shared and disseminated throughout modern society. He warns that society suffers from an ever-widening gap between firsthand knowledge and decision making—a gap that threatens not only our economic and political efficiency, but our very freedom because actual knowledge gets replaced by assumptions based on an abstract and elitist social vision f what ought to be.Knowledge and Decisions, a winner of the 1980 Law and Economics Center Prize, was heralded as a ”landmark work” and selected for this prize ”because of its cogent contribution to our understanding of the differences between the market process and the process of government.” In announcing the award, the center acclaimed Sowell, whose ”contribution to our understanding of the process of regulation alone would make the book important, but in reemphasizing the diversity and efficiency that the market makes possible, [his] work goes deeper and becomes even more significant.”

Knowledge And Decisions

Author: Thomas Sowell
Publisher: Hachette UK
ISBN: 1541602757
Category : Law
Languages : en
Pages : 607

Sources of Power

Author: Gary A. Klein
Publisher:
ISBN: 9780262611466
Category : Decision making
Languages : en
Pages : 350

Book Description
An overview of naturalistic decision making, which views people as inherently skilled and experienced.

Theory of Games and Statistical Decisions

Author: David A. Blackwell
Publisher: Courier Corporation
ISBN: 0486150895
Category : Mathematics
Languages : en
Pages : 388

Book Description
Evaluating statistical procedures through decision and game theory, as first proposed by Neyman and Pearson and extended by Wald, is the goal of this problem-oriented text in mathematical statistics. First-year graduate students in statistics and other students with a background in statistical theory and advanced calculus will find a rigorous, thorough presentation of statistical decision theory treated as a special case of game theory. The work of Borel, von Neumann, and Morgenstern in game theory, of prime importance to decision theory, is covered in its relevant aspects: reduction of games to normal forms, the minimax theorem, and the utility theorem. With this introduction, Blackwell and Professor Girshick look at: Values and Optimal Strategies in Games; General Structure of Statistical Games; Utility and Principles of Choice; Classes of Optimal Strategies; Fixed Sample-Size Games with Finite Ω and with Finite A; Sufficient Statistics and the Invariance Principle; Sequential Games; Bayes and Minimax Sequential Procedures; Estimation; and Comparison of Experiments. A few topics not directly applicable to statistics, such as perfect information theory, are also discussed. Prerequisites for full understanding of the procedures in this book include knowledge of elementary analysis, and some familiarity with matrices, determinants, and linear dependence. For purposes of formal development, only discrete distributions are used, though continuous distributions are employed as illustrations. The number and variety of problems presented will be welcomed by all students, computer experts, and others using statistics and game theory. This comprehensive and sophisticated introduction remains one of the strongest and most useful approaches to a field which today touches areas as diverse as gambling and particle physics.

Consumer Knowledge and Financial Decisions

Author: Douglas J. Lamdin
Publisher: Springer
ISBN: 9781489994172
Category : Psychology
Languages : en
Pages : 0

Book Description
There has been an increasing recognition that financial knowledge (i.e., literacy) is lacking across the population. Moreover, there is recognition that this lack of knowledge poses real problems as credit, mortgages, health insurance, retirement benefits, and savings and investment decisions become increasingly complex. Financial Decisions Across the Lifespan brings together the work of scholars from various disciplines (family and consumer sciences, economics, law, finance, sociology, and public policy) to provide a broad range of perspectives on financial knowledge, financial decisions, and policies. For consistency across the volume each chapter follows a similar format: (1) what individuals know or need to know (2) how what they know or need to know affects financial decisions and outcomes (3) ways in which policies or programs or financial innovations can enhance their knowledge, or decisions, or outcomes. Contributors will provide both new and existing research to create a valuable picture of the state of financial literacy and how it can be improved.

Knowledge and Decisions in Health Telematics

Author: Pedro Barahona
Publisher: IOS Press
ISBN: 9789051991529
Category : Artificial intelligence
Languages : en
Pages : 256

Book Description
Why and How Will Knowledge Based Systems Become an Established Technology within Health Care? -- Signal and Image Processing Applications -- Future Prospects in ECG Signal Interpretation -- Industrial Perspectives for Research and Development in Knowledge Processing and Decision Support -- Legal Issues Incurred from KBS Use -- Legal Issues in Cognition, Knowledge Processing and Decision Making Techniques in the Health Sector -- Human Intelligence and Computer Intelligence -- Cooperation Between Human Brain and Computer -- Part 3. The EPISTOL Reports -- Munich Workshop -- The Role of Knowledge Based Systems in Clinical Practice -- How Will KBS Techniques Be Incorporated into Commercial Products? -- Trends in Knowledge Based Research that Will Enable its Use in Routine Applications -- Distributed Knowledge Based Systems and Telematics in a Changing Health Care Environment -- Brussels Seminar -- The Brussels Seminar -- Appendices -- Munich Workshop: Participants and Contributors -- Brussels Seminar: Participants and Contributors -- Author Index

Conquests and Cultures

Author: Thomas Sowell
Publisher:
ISBN: 0786723009
Category : History
Languages : en
Pages : 512

Book Description
This book is the culmination of 15 years of research and travels that have taken the author completely around the world twice, as well as on other travels in the Mediterranean, the Baltic, and around the Pacific rim. Its purpose has been to try to understand the role of cultural differences within nations and between nations, today and over centuries of history, in shaping the economic and social fates of peoples and of whole civilizations. Focusing on four major cultural areas(that of the British, the Africans (including the African diaspora), the Slavs of Eastern Europe, and the indigenous peoples of the Western Hemisphere--Conquests and Cultures reveals patterns that encompass not only these peoples but others and help explain the role of cultural evolution in economic, social, and political development.

Identification for Prediction and Decision

Author: Charles F. Manski
Publisher: Harvard University Press
ISBN: 9780674033665
Category : Psychology
Languages : en
Pages : 370

Book Description
This book is a full-scale exposition of Charles Manski's new methodology for analyzing empirical questions in the social sciences. He recommends that researchers first ask what can be learned from data alone, and then ask what can be learned when data are combined with credible weak assumptions. Inferences predicated on weak assumptions, he argues, can achieve wide consensus, while ones that require strong assumptions almost inevitably are subject to sharp disagreements. Building on the foundation laid in the author's Identification Problems in the Social Sciences (Harvard, 1995), the book's fifteen chapters are organized in three parts. Part I studies prediction with missing or otherwise incomplete data. Part II concerns the analysis of treatment response, which aims to predict outcomes when alternative treatment rules are applied to a population. Part III studies prediction of choice behavior. Each chapter juxtaposes developments of methodology with empirical or numerical illustrations. The book employs a simple notation and mathematical apparatus, using only basic elements of probability theory.

Intelligent Decision Support Methods

Author: Vasant Dhar
Publisher: Pearson
ISBN:
Category : Business & Economics
Languages : en
Pages : 272

Book Description
This is a comprehensive explanation of how powerful technologies work in business, using a pragmatic business approach in describing when and how they should be used. Detailed case studies are provided in management information systems, information systems, computer science, and management. The text focuses on modeling techniques such as rules, case-based reasoning, fuzzy logic, neural nets, genetic algorhithms and machine learning.

Educational Goods

Author: Harry Brighouse
Publisher: University of Chicago Press
ISBN: 022651417X
Category : Education
Languages : en
Pages : 201

Book Description
This book, jointly authored by two distinguished philosophers and two prominent social scientists, has an ambitious aim: to improve decision-making in education policy. First they dive into the goals of education policy and explain the terms "educational goods" and "childhood goods," adding precision and clarity to the discussion of the distributive values that are essential for good decision-making about education. Then they provide a framework for individual decision-makers that enables them to combine values and evidence in the evaluation of educational policy options. Finally they delve into the particular policy issues of school finance, school accountability, and school choice, and they show how decision makers might approach them in the light of this decision-making framework. The authors are not advocated particular policy choices, however. The focus instead is a smart framework that will make it easier for policymakers (and readers) to identify and think through what they disagree with others about.