Decision theory

Knowledge Management (KM) Cycle is known as a procedure of changing data and information into valuable knowledge inside an organization. This cycle is aimed to clarify the flow of how knowledge is caught, prepared, and allocated in an organization. Wiig KM Cycle is one of the KM Cycles. Wiig is focusing on the three major conditions that should be available for an organization in order to direct its business effectively. (Mohapatra, 2016) i)It must have a business and customers. The…

In “Fallacies of Logic” Irving Shapiro describes the different ways a person, intentionally or unintentionally, can attack their opponent. Fallacies, when used, could be effective tools to confuse and distract opponents. The use of logical fallacies, also known as con, date back to Athens when a school taught students to win arguments using fallacies. The following are the most common fallacies used. Fallacies are easy to agree with and are simple statements with little or irrelevant information…

just to name a few. This book is about probability and randomness in everyday life. The author intended to inform and entertain the audience without having to use much mathematics. In this book, he also explains how probability can lead to better decision making and getting silly. He explains what probability is and how we see it in everyday life without…

Heide, 1989). For the prepared emergency professional, this would be the time to push mitigation message either to secure support for future mitigation efforts or to praise the success of already implemented mitigation efforts to reinforce that decisions made by public and government were correct, basically positive reinforcement. As Dr. Aud der Heide said preparedness were not visible in the short run and for a emergency professional who looks to the future, a minor disaster in their community…

Taking risks Final Graph By Joshua Belk Would you rather live through life cautious and worried, or take a risk every day? Personally, I would go with the second option and you should too! Taking a risk is a stepping stone in your life. If you just stay cautious about every little thing, then you’re not going to learn a lot. You can’t be perfect, you have to take risk in life. It benefits in many ways, and I’ll explain a few. For starters, taking risks allow you learn from any mistakes.…

alternatives that serve as the best course of action to solve the problem at hand which is, the people making key decisions underestimated the complexity and risk involved which contributed to the DIA project being initiated too late. The key decision makers had a limited understanding of what was involved and lacked the necessary knowledge and expertise to advise appropriately and make good decisions. That lack of knowledge, combined with the fact that expert advice was routinely ignored, were…

Everywhere someone turns, at least one person trying to change the direction of someone, constantly pressured to travel down the practical path instead of the path of uncertainty one was headed towards. As Robert Frost says, ”two roads diverged in a wood, and I...I took the one less traveled by, and that has made all the difference” (daskal). Without venturing off of the practical path, creativity, many degraded inventions and individuality could not exist. From the beginning of society, people…

Upon completing my decision making matrix model, I have concluded that the overall best way to distribute the limited parking spots was by having a “first come, first serve policy”. The way I had determined this alternative was by first assessing the problem at hand, how to most fairly distribute the thirty available parking spots among students. Then, I came up with a list of the top three alternatives to this problem. The three alternatives are listed as follows; a first come, first serve…

Choices are well known due to their ability to affect lives. Choices are sometimes loved and other times, detested. Choice, however, always leads to two ideas. Those ideas are community and identity. Those ideas are even visible in the novel A Long Walk to Water, in which the real-life protagonist Salva walks away from the Sudan civil war and later founds Water for South Sudan. Children that walk to school, as shown in the film On the Way to School also understand these ideas. But how? Choices…

The notion that a response to an emotional situation can insinuate a completely different situation and restart the modal model process. Throughout a day, a single person interacts with peers, figures of authority, and family; their moods and emotions fluctuate as each situation arises and changes the course for future encounters. It is expected that with a changing environment it alters a sequence of events, but if an environment was simulated to be consistent would the responses that occur be…