The basis of contingency theory in management is that there is no one best way to handle any task or process. Whether organizing an entire company or planning a production work flow, the best solution ...

Choice theory provides a fundamental framework for understanding how individuals and groups make decisions, integrating elements of economics, psychology, and sociology. This interdisciplinary field ...

Strategic decision making lies at the heart of game theory and market competition research, providing a framework to understand how rational agents interact under conditions of uncertainty and ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Real life rocket scientist, mathematician ...

The poliheuristic theory of foreign policy decision making would benefit from being clearer in spelling out the conditions under which it holds more or less analytic promise. The article makes the ...

There is no Planet B. Source: Markus Spiske/Pexels What is your experience of the recent heatwaves scorching Western Europe, the United States, and China? While my toddler rejoices in the almost ...

TROY, N.Y. — A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in ...