51 Pages Posted: 16 May 2007
Date Written: January 7, 2007
This is a course material from the book Managerial Decision Making Under Risk and Uncertainty. The book is originally in Spanish and is untitled as Decisiones empresariales bajo riesgo e incertidumbre. The level of the book is basic. We use very few mathematics and it is expected to be used by managers.
This Chapter 1 deals with the decision process including some psycohological aspects. In the chapter we study the decision problem, including the sequential approach to decision making.
Notes: Downloadable document is in Spanish
Keywords: Decision making, psychological basis of decision making
JEL Classification: G31
Suggested Citation: Suggested Citation