Decision Analysis from a Neo-Calvinist Point of View [book chapter]
Name
Prelec_Decision analysis.pdf
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1.11 MB
Format
Adobe PDF
Checksum (MD5)
73f6e5e948a5383b51f33618a7285438
Author(s)
Prelec, Drazen
Date Issued
2013
Journal
Behavioural Public Policy
Publisher
Cambridge University Press
Citation
Prelec, Drazen. "Decision analysis from a neo-Calvinist point of view." Chapter in Behavioural Public Policy, ed. Adam Oliver. Cambridge: Cambridge University Press, 2013. 1-13 pp.
Version
Author's final manuscript
Abstract
By Calvinist point of view, I refer to analysis focused on assessing the diagnostic significance of policy decisions, rather than establishing the direct consequences of decisions. Diagnostic significance refers to information revealed by an irrevocable act, information about some underlying collective value or belief. Decisions, especially those that break with precedent, can expose the tradeoffs between competing values, tradeoffs that society tacitly endorses. In these situations, the role of analysis might be not so much to recommend a course of action, but to clarify what is at stake, the “diagnostic risk” as it were, created by the choice.
MIT Department
Sloan School of Management
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike
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DOI of Published Version
https://www.worldcat.org/title/behavioural-public-policy/oclc/841391696&referer=brief_results
