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Decision Making and Judgments

Decision Making and Judgments. Decision making/judgments are special cases of problem solving in which possible solutions or choices are already known Logical decision making Compensatory model Rational decision-making model in which choices are systematically evaluated on various criteria

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284 views • 14 slides

The Costs of Organization

The Costs of Organization. Masten , Meehan & Snyder 1991 Journal of Law, Economics & Organization 7(1): 1-25. Jeff Savage. Theory. Firms internalize operations to mitigate imperfect contract problems due to uncertainty, bounded rationality and opportunism.

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150 views • 8 slides

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How distinct - PowerPoint PPT Presentation

Decision Making and Judgments

The Costs of Organization