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Liczba wyników
2017 | 12 | 134--150
Tytuł artykułu

The Use of Initial Filters to Direct Search in Decision Processes

Autorzy
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
When looking for a valuable resource, many people use information from the Internet as a way of choosing a small number of offers to investigate in more detail. This paper considers strategies based on the filtering of initial information. A new model is presented according to which the goal of the decision maker is to maximise her expected reward from search taking into account the search costs. The effectiveness of strategies based on filtering is compared to sequential search based on a threshold and exhaustive search of a chosen number of items.(original abstract)
Rocznik
Tom
12
Strony
134--150
Opis fizyczny
Twórcy
  • Wrocław University of Science and Technology, Poland
Bibliografia
  • Analytis P.P., Kothiyal A., Katsikopoulos K. (2014), Multi-attribute Utility Models as Cognitive Search Engines, Judgment and Decision Making, 95, 403-419.
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  • Bearden J.N., Connolly T. (2007a), Optimal Satisficing, Management Science, 1(1), 1-14.
  • Bearden J.N., Connolly T. (2007b), Multi-attribute Sequential Search, Organizational Behavior and Human Decision Processes, 103(1), 147-158.
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  • Chun Y.H. (2015), Multi-attribute Sequential Decision Problem with Optimizing and Satisficing Attributes, European Journal of Operational Research, 243(1), 224-232.
  • Connolly T., Wholey D.R. (1988), Information Mispurchase in Judgment Tasks: A Task-driven Causal Mechanism, Organizational Behavior and Human Decision Processes, 42(1), 75-87.
  • Fawcett T.W., Johnstone R.A. (2003), Optimal Assessment of Multiple Cues, Proceedings of the Royal Society of London B: Biological Sciences, 270, 1637-1643.
  • Hogarth R.M., Karelaia N. (2005), Simple Models for Multiattribute Choice with Many Alternatives: When It Does and Does Not Pay to Face Trade-offs with Binary Attributes, Management Science, 51(12), 1860-1872.
  • Hutchinson J.M.C., Hałupka K. (2004), Mate Choice When Males Are in Patches: Optimal Strategies and Good Rules of Thumb, Journal of Theoretical Biology, 231(1), 129-151.
  • Janetos A.C. (1980), Strategies of Female Mate Choice: A Theoretical Analysis, Behavioral Ecology and Sociobiology, 7(2), 107-112.
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  • Kelley C.T. (1999), Iterative Methods for Optimization, Society for Industrial and Applied Mathematics.
  • Lim C., Bearden J.N., Smith J.C. (2006), Sequential Search with Multiattribute Options, Decision Analysis, 3(1), 3-15.
  • MacQueen J.B. (1964), Optimal Policies for a Class of Search and Evaluation Problems, Management Science, 10(4), 746-759.
  • MacQueen J., Miller Jr R.G. (1960), Optimal Persistence Policies, Operations Research, 8(3), 362-380.
  • Ramsey D.M. (2015), On a Sequential Decision Process Where Offers Are Described by Two Traits, Multiple Criteria Decision Making, 10, 141-154.
  • Real L. (1990), Search Theory and Mate Choice. I. Models of Single-sex Discrimination, The American Naturalist, 136(3), 376-405.
  • Simon H.A. (1995), A Behavioral Model of Rational Choice, The Quarterly Journal of Economics, 69(1), 99-118.
  • Stigler G.J. (1961), The Economics of Information, The Journal of Political Economy, 69(3), 213-225.
  • Wiegmann D.D., Weinersmith K.L., Seubert S.M. (2010), Multi-attribute Mate Choice Decisions and Uncertainty in the Decision Process: A Generalized Sequential Search Strategy, Journal of Mathematical Biology, 60(4), 543-572.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171510375

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