Improving the Generation of Decision Objectives

@article{Bond2010ImprovingTG,
  title={Improving the Generation of Decision Objectives},
  author={Samuel D. Bond and K. Carlson and R. Keeney},
  journal={Decis. Anal.},
  year={2010},
  volume={7},
  pages={238-255}
}
Real decision makers exhibit significant shortcomings in the generation of objectives for decisions that they face. Prior research has illustrated the magnitude of this shortcoming but not its causes. In this paper, we identify two distinct impediments to the generation of decision objectives: not thinking broadly enough about the range of relevant objectives, and not thinking deeply enough to articulate every objective within the range that is considered. To test these explanations and explore… Expand
Why Is It Worth It to Expand Your Set of Objectives? Impacts from Behavioral Decision Analysis in Action
TLDR
Two real interventions in which the author employed value-focused thinking devices to support both private and public organizations in generating objectives within strategic decision-making processes are discussed. Expand
Enhancing the elicitation of diverse decision objectives for public planning
TLDR
The effectiveness of individual brainstorming for eliciting objectives in a real-world setting is studied, three interventions to support individuals in generating objectives are tested, and an online process is promising for involving a large group of stakeholders. Expand
Creating More and Better Alternatives for Decisions Using Objectives
TLDR
This research, based on five empirical studies of important personally relevant decisions, examines the ability of decision makers to create alternatives for their important decisions and the effectiveness of different stimuli for improving this ability. Expand
Can Novices Create Alternatives of the Same Quality as Experts?
  • J. Siebert
  • Business, Computer Science
  • Decis. Anal.
  • 2016
TLDR
Examining the impact and interrelation of experience and the prompting with objectives on decision makers' ability to create alternatives for an important decision confirms with high significance that both experience and prompting with objective enhance the quality of alternatives. Expand
Defining Objectives and Criteria for Decision Problems
TLDR
The concepts that help us understand decision makers' objectives are introduced and the literature on the problems encountered in defining objectives and on how to overcome them are reviewed. Expand
Using Means Objectives to Present Risk Information
TLDR
It is found that individuals are somewhat more likely to choose a risky alternative when information is expressed in terms of means objectives than in termsof fundamental objectives, and that this difference is not significantly smaller among individuals with greater quantitative ability. Expand
Invited Review—Survey of Value‐Focused Thinking: Applications, Research Developments and Areas for Future Research
TLDR
The scope and magnitude of VFT applications and the key developments in theory since VFT was introduced in 1992 are reviewed and 89 papers written in 29 journals from 1992 to 2010 are found. Expand
Methods to inform the development of concise objectives hierarchies in multi-criteria decision analysis
TLDR
This paper proposes and illustrates the use of a set of methods to support the simplification of the hierarchies in contexts that are “ data rich” and characterised by many objectives. Expand
Identifying, prioritizing, and using multiple objectives
Analyzing decisions with multiple objectives requires thought about issues not relevant to single-objective decisions. The two key issues are identifying an appropriate set of objectives andExpand
A decision-analysis-based framework for analysing stakeholder behaviour in scenario planning
TLDR
This work presents a practical decision-analysis-based methodology for analysing stakeholder objectives and likely behaviour within contested unfolding futures and shows that the augmentation of scenario method provides a further, nuanced, analysis of the power and objectives of all concerned stakeholders across a variety of unfolding futures. Expand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 51 REFERENCES
Generating Objectives: Can Decision Makers Articulate What They Want?
TLDR
Overall, the research suggests that decision makers are considerably deficient in utilizing personal knowledge and values to form objectives for the decisions they face. Expand
Value-Focused Thinking versus Alternative-Focused Thinking: Effects on Generation of Objectives.
  • León
  • Psychology, Medicine
  • Organizational behavior and human decision processes
  • 1999
TLDR
It was found that the structure generated by VFT was equal or superior to that generated by AFT in all qualities judged. Expand
Behavioural decision theory for multi-criteria decision analysis: a guided tour
TLDR
This review follows the MCDA process, discussing research relevant to the structuring, value elicitation, and weighting phases of the analysis, outlining relevant and important findings, and open questions for research and practice. Expand
Using Attributes to Predict Objectives in Preference Models
TLDR
Simulation results suggest that the explicit consideration of objectives results in less error in expressions of preference than the direct weighting of attributes unless the number of attributes and objectives in the decision context is small. Expand
How Can Decision Making Be Improved?
TLDR
This article argues that the time has come to focus attention on the search for strategies that will improve bounded judgment because decision-making errors are costly and are growing more costly, decision makers are receptive, and academic insights are sure to follow from research on improvement. Expand
A cost-benefit mechanism for selecting problem-solving strategies: Some extensions and empirical tests
Abstract Beach and Mitchell (Academy of Management Review 1978, 3, 439–449) proposed a contingency model for the selection of decision strategies in which the decision maker selected that strategyExpand
A theory of requisite decision models
A requisite decision model is defined as a model whose form and content are sufficient to solve a particular problem. The model is constructed through an interactive and consultative process betweenExpand
Value-Focused Thinking: A Path to Creative Decisionmaking
PART 1: Concepts 1. Thinking about Values 1.1 Value-Focused Thinking 1.2 Creating Alternatives 1.3 Identifying Decision Opportunities 1.4 Thinking about Values 1.5 The Uses of Value-Focused ThinkingExpand
Individual differences in reasoning: implications for the rationality debate?
TLDR
In a series of experiments involving most of the classic tasks in the heuristics and biases literature, the implications of individual differences in performance for each of the four explanations of the normative/descriptive gap are examined. Expand
Adaptive Strategy Selection in Decision Making.
Abstract : The authors examine the role of effort and accuracy in the adaptive use of decision processes. A computer simulation study that used the concept of elementary information processesExpand
...
1
2
3
4
5
...