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Actual Versus Consistent Decision Behavior (1964)

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Economic Information, Decision, and Prediction

Part of the book series: Theory and Decision Library ((TDLU,volume 7-1))

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Abstract

Like any other specialist in decision-making, the manager expects science to answer two questions:

  1. (1)

    What is the manager’s optimal (effective, efficient) behavior, in the face of a given task? That is, how should he impinge upon Nature (including humans) to achieve, on the average, results that are best from his point of view? (Normative science: engineering, operations research, medicine and other ‘know-how’ sciences).

  2. (2.)

    How does Nature (including humans) behave? (Descriptive science: physics, psychology, biology).

Based on studies carried out at the Western Management Science Institute, University of California at Los Angeles, partially supported by the Office of Naval Research, Task 047-041 and by the Ford Foundation.

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Bibliography

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© 1974 D. Reidel Publishing Company, Dordrecht, Holland

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Marschak, J. (1974). Actual Versus Consistent Decision Behavior (1964). In: Economic Information, Decision, and Prediction. Theory and Decision Library, vol 7-1. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-9276-0_10

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  • DOI: https://doi.org/10.1007/978-94-010-9276-0_10

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-90-277-1195-3

  • Online ISBN: 978-94-010-9276-0

  • eBook Packages: Springer Book Archive

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