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The Role of Experiential Knowledge and Human Information Processing in Decision Making

0 citations0/0 files storedDevelopments in Business Simulation and Experiential Learning: Proceedings of the Annual ABSEL conference

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Decision-Making and Behavioral Economics Complex Systems and Decision Making Leadership, Behavior, and Decision-Making Studies

Abstract

This paper examines the role of experiential knowledge in HIP via a model which is a synthesis of models of human information processing, human associative memory and attention. Using the model the decision making process is described in terms of Simonâ€™s phases of decision making. The differential effect of experiential knowledge is explored in each phase, i.e. intelligence, design, and choice. An example of the overall process is developed and suggest ions for empirical research are presented.

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