Decisions Under Uncertainty Rational, Irrational, and Non-rational

Bibliographic Data

ID4979605
AuthorsKurt W Back (corresponding author)
Year1961
Volume4
Issue6
Pages14-19
Publication date1961-02-01
Open AccessYes
TypeARTICLE
VenueAmerican Behavioral Scientist (JOURNAL)
Journal identifiersISSN: 0002-7642 • E-ISSN: 1552-3381
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/000276426100400604
OpenAlexW2138793333
LanguageEN
Citations received6

The author, Associate Professor in Duke University's Department of Sociology and Anthropology, discusses the diverse approaches to decision theory. He holds that probabilistic, rational decision models are restricted to situations in the middle range of importance and cannot be generalized to life decisions. Irrational models, which take psychodynamic factors into account, remain insufficient to account for the whole range of decision process. A non-rational model is proposed, and its assumptions are shown to underlie a variety of decisions that have been studied. The author thanks David M. Shaw and Ida H. Simpson for many helpful suggestions

Decision theory · Economics · Epistemology · Irrational number · Management · Management science · Microeconomics · Positive economics · Probabilistic logic · Rational planning model · Sociology · Variety (cybernetics) · Artificial Intelligence · Complex Systems and Decision Making · Computer Science · Leadership, Behavior, and Decision-Making Studies · Mathematics · Philosophy · Psychology

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