Article ID: | iaor19911824 |
Country: | Netherlands |
Volume: | 16 |
Start Page Number: | 333 |
End Page Number: | 346 |
Publication Date: | Nov 1990 |
Journal: | Information and Decision Technologies |
Authors: | Radford K.J. |
A new categorization of types of decision situations includes those which have come to be known as complex decision situations. In such situations there are two or more participants, each with individual perceptions of the situation and with their own objectives, preferences and assessments of courses of action that could be taken to resolve the situation. No single participant can bring about a resolution of the situation individually. The resolution must result from a process of explicit or implicit negotiation between the participants. The prime factor in the process of resolution is the power of each individual participant to persuade or coerce the others to accept an outcome that is not necessarily most preferred by them. Complex decision situations do not lend themselves to treatment by the methods of classical game theory. However, the concept of an equilibrium described in game theory and later developed in metagame theory can be used to investigate outcomes that might be acceptable to participants in a complex decision situation. A technique known as