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OR as rational choice: a decision and game theory perspective
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Ormerod, R. J. (2010) OR as rational choice: a decision and game theory perspective. Journal of the Operational Research Society, Vol.61 (No.12). pp. 1761-1776. doi:10.1057/jors.2009.146 ISSN 0160-5682.
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Official URL: http://dx.doi.org/10.1057/jors.2009.146
Abstract
Social science disciplines have used decision theory and game theory to provide metaphorical understanding and analytical rigour in their particular domains. The paper explores whether a similar perspective can be applied to operational research (OR) in order to provide an integrating theme for both theory and practice. It is argued that, while the methods of OR are instrumentally rational, OR interventions embrace non-instrumental aspects as well. A case study of an application of decision theory is described and analysed from a decision and game theory (DGT) perspective. The case demonstrates that although the model developed was instrumental, the structure and content of the model reflected the normative and communicative aspects of the decision context. The paper concludes that OR could use a DGT perspective as a conceptual framework for the teaching, research and practice of OR. Journal of the Operational Research Society (2010) 61, 1761-1776. doi:10.1057/jors.2009.146 Published online 2 December 2009
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management | ||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Journal or Publication Title: | Journal of the Operational Research Society | ||||
Publisher: | Palgrave Macmillan Ltd. | ||||
ISSN: | 0160-5682 | ||||
Official Date: | December 2010 | ||||
Dates: |
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Volume: | Vol.61 | ||||
Number: | No.12 | ||||
Number of Pages: | 16 | ||||
Page Range: | pp. 1761-1776 | ||||
DOI: | 10.1057/jors.2009.146 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
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