RELATIVITY PROBLEM IN DECISION MAKING

Abstract

The paper focuses on discrepancy between two approaches to a decision problem; specifically the choice of an alternative based on evaluation of alternative consequences and also its changes (losses and gains). The discrepancy consists in opinion whether to evaluate losses and gains by comparing them to the original value or not. Hammond, Keeney and Raiffa advise to value incremental change on the basis on what we start with. It is one part of their even swap method. On the other hand, Tversky and Kahneman say the opposite. People assess value of money saved or paid extra in comparison to the original amount and not according to

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 1 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.