Decision Analysis from a Neo-Calvinist Point of View [book chapter]
Author(s)
Prelec, Drazen
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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.
Date issued
2013Department
Sloan School of ManagementJournal
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
ISBN
9781107042636
9781107617377