The field of decision theory tries to explain these examples of people making seemingly illogical buying decisions.
D. in applied mathematics, the 50-year-old Berezovsky says he spent 25 years doing research on decision-making theory at the Russian Academy of Sciences.
One theory of decision making says you ought to maximize your expected returns, where an expected return is the outcome multiplied by the probability of winning it.
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In theory, the decision should allow unregulated and unregistered tax preparers to file tax returns when the season opens on January 30.
In theory, the decision could make quite a difference to election results.
One set of authors concluded that the reversal effect was inconsistent not only with utility theory but also with every existing theory of economic decision-making.
Naturally, subscribing to this theory puts a decision maker in the crosshairs of the traditional scouting model, one that relies on seeing and physically and mentally testing the player, with results in a scouting report to compare with hundreds of others.
The book provides practical methods for supporting improved participatory processes, including the application of theory and models to aid decision-making.
Last year, FCC Chairman Julius Genachowski started to fulfill this promise by proposing rules using a legal theory from an earlier commission decision (from which I had dissented in 2008) that was under court review.
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When a metaphysician makes a choice how to extend a theory, you have to make a decision.
But to get there Weeks had to jettison classic business school theory, which would have companies pushing decision making down to lower levels.
In fact, economic theory predicts that this is exactly the decision that many Princeton women will make not because they have to but because they can.
Another theory is that the president's decision is a trick, and that she will change her mind and announce her candidacy some time in the coming year.
In theory, state legislatures could now cite the decision to ban all direct sales.
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That is consistent with a second theory, familiar from other studies, that decision making is mentally taxing and that, if forced to keep deciding things, people get tired and start looking for easy answers.
This was the theory behind Canadian artist Peter von Tiesenhausen's decision to bury a sculpture almost four metres underground, beneath a sewer at the main crossroads in the city of Sarnia, Ontario.
The theory behind this sort of fits with what we know about decision making and expectation.
While you might only keep a 25% equity stake, you could, in theory, negotiate a supermajority requirement calling for 80% agreement on a decision to make mustard--making you the de facto deciding vote.
It is true that the decision to break a taboo by dipping into the pockets of bank depositors as part of a rescue could, in theory, have spooked depositors in Spain and Italy but it hasn't so far.
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