New tools for decision analysts

@article{Katsikopoulos2006NewTF,
  title={New tools for decision analysts},
  author={Konstantinos V. Katsikopoulos and B. Fasolo},
  journal={IEEE Transactions on Systems, Man, and Cybernetics - Part A: Systems and Humans},
  year={2006},
  volume={36},
  pages={960-967}
}
This paper presents psychological research that can help people make better decisions. Decision analysts typically: 1) elicit outcome probabilities; 2) assess attribute weights; and 3) suggest the option with the highest overall value. Decision analysis can be challenging because of environmental and psychological issues. Fast and frugal methods such as natural frequency formats, frugal multiattribute models, and fast and frugal decision trees can address these issues. Not only are the methods… CONTINUE READING

Similar Papers

Figures and Topics from this paper.

Explore Further: Topics Discussed in This Paper

Citations

Publications citing this paper.
SHOWING 1-10 OF 36 CITATIONS

Outlooks and Insights on Group Decision and Negotiation

  • Lecture Notes in Business Information Processing
  • 2015
VIEW 15 EXCERPTS
CITES BACKGROUND & METHODS
HIGHLY INFLUENCED

Heuristic Information Acquisition and Restriction Rules for Decision Support

  • IEEE Transactions on Human-Machine Systems
  • 2017
VIEW 1 EXCERPT
CITES BACKGROUND

References

Publications referenced by this paper.
SHOWING 1-10 OF 68 REFERENCES

Elimination by aspects: A theory of choice.

VIEW 10 EXCERPTS
HIGHLY INFLUENTIAL

What alters physicians' decisions to admit to the coronary care unit?

  • The Journal of family practice
  • 1997
VIEW 3 EXCERPTS
HIGHLY INFLUENTIAL

A 30% chance of rain tomorrow: How does the public understand probabilistic weather forecasts

G. Gigerenzer, E. Hertwig, E. van der Broek, B. Fasolo, K. V. Katsikopoulos
  • Risk Anal., vol. 25, no. 3, pp. 623–629, 2005.
  • 2005
VIEW 1 EXCERPT