Rationalities for decision taking

Research output: Contribution to journalArticle

Abstract

In the present paper the reasoning of the decision taker is investigated. Different ways of reasoning of decision taker are based on different rationalities and they lead to different results. Total rationality results in optimal solution, bounded rationality results in satisfactory solution and the intuitive rationality results in objectionless solution. The first result of the present paper is to show that the solutions of the bounded and intuitive rationality will be the same for a particular person, at a particular moment, in a particular situation; so the accepted solution is satisfactory and objectionless. Bargaining leads to equitable solution. For a long while we have searched for the rationality, which results in equitable solution. In this paper I exit this reference system for the investigation of the process of bargaining to show that bargaining does not have a distinguished rationality. The equitable solution is too satisfactory and objectionless.
Original languageEnglish
Pages (from-to)59-64
Number of pages5
JournalStrategijski menadzment
Volume10
Issue number1-2
Publication statusPublished - 2005

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Rationality
Optimal solution
Bounded rationality
Exit

Keywords

  • management theory
  • decision making
  • management science

Cite this

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title = "Rationalities for decision taking",
abstract = "In the present paper the reasoning of the decision taker is investigated. Different ways of reasoning of decision taker are based on different rationalities and they lead to different results. Total rationality results in optimal solution, bounded rationality results in satisfactory solution and the intuitive rationality results in objectionless solution. The first result of the present paper is to show that the solutions of the bounded and intuitive rationality will be the same for a particular person, at a particular moment, in a particular situation; so the accepted solution is satisfactory and objectionless. Bargaining leads to equitable solution. For a long while we have searched for the rationality, which results in equitable solution. In this paper I exit this reference system for the investigation of the process of bargaining to show that bargaining does not have a distinguished rationality. The equitable solution is too satisfactory and objectionless.",
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author = "Viktor D{\"o}rfler",
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language = "English",
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Rationalities for decision taking. / Dörfler, Viktor.

In: Strategijski menadzment, Vol. 10, No. 1-2, 2005, p. 59-64.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Rationalities for decision taking

AU - Dörfler, Viktor

PY - 2005

Y1 - 2005

N2 - In the present paper the reasoning of the decision taker is investigated. Different ways of reasoning of decision taker are based on different rationalities and they lead to different results. Total rationality results in optimal solution, bounded rationality results in satisfactory solution and the intuitive rationality results in objectionless solution. The first result of the present paper is to show that the solutions of the bounded and intuitive rationality will be the same for a particular person, at a particular moment, in a particular situation; so the accepted solution is satisfactory and objectionless. Bargaining leads to equitable solution. For a long while we have searched for the rationality, which results in equitable solution. In this paper I exit this reference system for the investigation of the process of bargaining to show that bargaining does not have a distinguished rationality. The equitable solution is too satisfactory and objectionless.

AB - In the present paper the reasoning of the decision taker is investigated. Different ways of reasoning of decision taker are based on different rationalities and they lead to different results. Total rationality results in optimal solution, bounded rationality results in satisfactory solution and the intuitive rationality results in objectionless solution. The first result of the present paper is to show that the solutions of the bounded and intuitive rationality will be the same for a particular person, at a particular moment, in a particular situation; so the accepted solution is satisfactory and objectionless. Bargaining leads to equitable solution. For a long while we have searched for the rationality, which results in equitable solution. In this paper I exit this reference system for the investigation of the process of bargaining to show that bargaining does not have a distinguished rationality. The equitable solution is too satisfactory and objectionless.

KW - management theory

KW - decision making

KW - management science

M3 - Article

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JF - Strategijski menadzment

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