The Hunt for Better Decisions

 

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HEC PARIS KNOWLEDG@HEC Food for Though for Business Leaders

Newsletter #15
December 2016

 

 

 


How individuals and organizations can make better decisions in their day-to-day lives? This month’s newsletter invites the HEC Paris faculty to share its research on the intricacies of decision making. Read full text...


 

Marketing Strategy

 

Point of View

Itzhak Gilboa

 

 

 

Analyzing Decisions is part of our Humanity

 

 

This year’s annual 'Les Entretiens de la Cité' conference in Lyon hosted by Fields Medal and HEC Paris Honoris Causa Cédric Villani, saw Itzhak Gilboa, Professor of Economics and Decision Sciences at HEC Paris, deliver a speech on what it means to Be Human. He gleaned over the history of decision sciences, discussed the evolution of decision theory, and concluded his talk by examining the ways in which the two overlapped with our understanding of humanity, and thus what it means to Be Human.

 

 

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Business environnement

 

Sociology of Economics

Itzhak Gilboa

 

 

 

Making Sense of Economics Models

 

 

Time and money are two valuable and scarce resources that individuals try to manage optimally in their everyday decisions. Despite the old saying that “time is money,” important differences distinguish the two attributes. To be more specific, it turns out that people seem not to manage their time like they manage their money!

 

 

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Decision Theory

Brian Hill

 

 

 

How should we decide in the face of uncertainty?

 

 

How should governments decide in the face of radical uncertainties, such as those concerning climate change, energy policy, genetically modified organisms and nanotechnologies? How should managers and investors plan in the face of the considerable economic, geopolitical and environmental uncertainties that impact the success of their projects?

 

 

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Performance Management

 

Behavioral Decision Making

Emmanuel Kemel and Mohammed Abdellaoui

 

 

 

Do people manage their time like their money?

 

 

Time and money are two valuable and scarce resources that individuals try to manage optimally in their everyday decisions. Despite the old saying that “time is money,” important differences distinguish the two attributes. To be more specific, it turns out that people seem not to manage their time like they manage their money!

 

 

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Performance Management

 

Focus

Mohammed Abdellaoui

 

 

 

The Hunt for Better Decisions

 

 

What do the choice of a specific technology for the NASA shuttle, choosing a marketing policy, selecting an airport location, assisting AIDS patients in Africa and the production of low-cost goods all have in common? The answer is a discipline called Decision Theory in which HEC Paris has a worldwide reputation for groundbreaking research, particularly in the branch of decisions made in the face of uncertainty. Research Professor Mohammed Abdellaoui has been exploring this complex, multidisciplinary, and little-known discipline for 24 years and is at the heart of its development over the past decade.

 

 

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