Humble Decision-Making Theory
Amitai Etzioni , Public Management Review (2014): Humble Decision-Making Theory, Public Management Review, DOI: 10.1080/14719037.2013.875392
Posted: 30 Jan 2014
Date Written: January 28, 2014
Behavioural economics provides unusually robust data that show that people have hardwired, systematic cognitive biases that greatly limit their intellectual capabilities. From these observations follows a set of general guidelines for decision-making -- humble decision-making theory -- that if widely adopted may prevent decision-makers of all types from erring, encourage wiser decisions, and enhance overall contentment by helping those making and affected by decisions to moderate their expectations.
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