Tag: Decision

December 25, 2023

Uncertainty, Constraints, and Decision Making

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Free Download Uncertainty, Constraints, and Decision Making
English | 2023 | ISBN: 3031363930 | 696 Pages | PDF EPUB (True) | 14 MB
In the first approximation, decision making is nothing else but an optimization problem: We want to select the best alternative. This description, however, is not fully accurate: it implicitly assumes that we know the exact consequences of each decision, and that, once we have selected a decision, no constraints prevent us from implementing it. In reality, we usually know the consequences with some uncertainty, and there are also numerous constraints that needs to be taken into account. The presence of uncertainty and constraints makes decision making challenging. To resolve these challenges, we need to go beyond simple optimization, we also need to get a good understanding of how the corresponding systems and objects operate, a good understanding of why we observe what we observe – this will help us better predict what will be the consequences of different decisions. All these problems – in relation to different application areas – are the main focus of this book.

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December 25, 2023

Quantum Decision Theory and Complexity Modelling in Economics and Public Policy

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Free Download Quantum Decision Theory and Complexity Modelling in Economics and Public Policy
English | 2023 | ISBN: 3031388321 | 428 Pages | PDF EPUB (True) | 33 MB
This book is an outcome of the interdisciplinary conference held at OP Jindal Global University (Quantum Decision-making and Complexity modeling, and their possible applications in social sciences－ economics, finance and public policy). The volume builds upon the emerging fields of Econophysics, Complexity theory and Quantum like modelling in cognition and social sciences, and their plausible applications in economics and public policy. There can be deep linkages between the micro, meso and macro scales at which these paradigms operate. In this data-driven age, greater amounts of information, along with the facility to harvest, sort and process said information, have permitted an expansion of the capability to study a society’s various factors to a degree of detail and inclusiveness that has never before been available to researchers. As a result, an increasing number of throughlines is being discovered, revealing heretofore unknown connections between various disciplines and enhancing the study of such societal tropes as finance, language, shared behavior, and many others. As the reader will see, with clearer understanding of the interconnectedness of society’s assorted parts comes a clearer understanding of the society as a whole. We have received critical thoughts from noted experts in social and natural sciences to explore possible interconnections. The editors of this book earnestly hope that the critical reviews presented in this volume will stimulate further scholarly interest, but also interest among policy practitioners for the purpose of exploring possibilities for creating a new paradigm for comprehending pressing issues of deep uncertainty and emergence in social dynamics.

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December 25, 2023

LATER The Neurophysiology of Decision-Making

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Free Download LATER: The Neurophysiology of Decision-Making
English | 2023 | ISBN: 1108827047 | 222 Pages | PDF | 19 MB
Why is deciding to do something sometimes so slow and difficult? How do we make decisions when lacking key information? When making decisions, the higher areas of the brain deliberately suppress lower areas capable of generating much faster but ill-considered responses while they develop ones that are more sophisticated, based on what can be gained in return. In this engaging book, the authors explore the increasingly popular neural model that may explain these mechanisms: the linear approach to threshold ergodic rate (LATER). Presenting a detailed description of the neurophysiological processes involved in decision-making and how these link to the LATER model, this is the first major resource covering the applications in describing human behaviour. With over 100 illustrations and a thorough discussion of the mathematics supporting the model, this is a rigorous yet accessible resource for psychologists, cognitive neuroscientists and neurophysiologists interested in decision-making.

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