Scherpereel, Christopher M. (2002) Decision-order theory: A decision taxonomy: Working paper series--02-18. Working Paper. NAU W.A. Franke College of Business.
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Abstract
Proper identification of the decision or problem is critical to finding a course of action or solution. Identifying the problem or decision ex-ante and then searching for the solution that can be explained ex-post is the goal. If the contraire view is adopted where the solution methodology is defined ex-ante, and the effort is focused on searching for a problem or decision, real-world problems will never be solved and real-world decisions will be seriously flawed. The decision-order taxonomy developed in this paper, provides the required identification system. By performing a content analysis on the seminal literature in the natural sciences, social sciences, applied sciences and the arts, the semantic descriptors that are commonly used by researchers to partition their domains are identified. The result is an implicit taxonomy that reveals the organization and language required to describe and differentiate decision problems into one of three classes or orders. These three classes are labeled first, second, and third-order. The three orders correspond roughly to the theoretical distinction between decision-making under conditions of certainty, risk, and uncertainty, respectively.
| Item Type: | Monograph (Working Paper) |
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| Publisher’s Statement: | Copyright, where appropriate, is held by the author. |
| ID number or DOI: | 02-18 |
| Keywords: | Working paper, decision problems, decision order theory, decision making |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| NAU Depositing Author Academic Status: | Faculty/Staff |
| Department/Unit: | The W.A. Franke College of Business |
| Date Deposited: | 26 Oct 2015 19:32 |
| URI: | http://openknowledge.nau.edu/id/eprint/1619 |
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