Resources for Aiding
the Decision Maker
Professionals concerned with making better decisions are typically concerned
with the cognitive, psychological, and social processes surrounding the
area of choice. It is natural to assume that our decision processes are
already fine tuned. But research, as outlined below under Cognitive Fallacies
and Biases, has shown otherwise. Based upon their research for making better
decisions, researchers in the decision making arena have provided prescriptive,
i.e. suggested, methods for improving human decision processes. Pointers
to some of those aids are outlined below under Description of Methods.
The aids in this arena are generally known as Decision Analysis Aids
or Decision Support Systems. Many of these aids have been automated
in software, with some of those packages listed below.
References in Cognitive Fallacies and Biases
Decision Traps by Russo and Shoemaker, 1990.
Overconfidence Game http://www.sdsg.com/new/game1.htm
Framing Game http://www.sdsg.com/new/game2.htm
Groupthink by Irving Janus, 1982.
Tough Decisions by Paul Nutt, 1989.
Description of Methods for Decision Aiding
"Methods for Aiding Decision Makers" by John Saunders http://users.erols.com/jsaunders/papers/Dec_anal.htm
"Decision Analysis" from Argonne National Laboratory
Making hard decisions: An introduction to decision analysis.
2nd edition. By Clemen,R.T. 1996
Research Institutes in Decision Analysis
Decision Sciences Institute http://dsi.gsu.edu/
Society for Judgment and Decision Making http://www.sjdm.org/sjdm/jdm-main.html
Decision Analysis Society [a branch of The Institute for Operations
Research and Management Science (INFORMS)] http://www2.fuqua.duke.edu/admin/site/extorg/daweb/dahome.htm
European Association for Decision Making http://www.eadm.org/
Software for Decision Analysis/Decision Support
Analytica from Lumina Decision Systems, Inc. http://www.lumina.com/software/whatisanalytica.html
Decision Pad from Apian http://apian.com/decision/index.htm
DPL from Strategic Decision Simulation Group http://www.adainc.com/sw/whatis.html
Expert Choice from Expert Choice, Inc http://www.expertchoice.com/
DATA from TreeAge http://www.treeage.com/products.htm
Note: an excellent reference in this area is Buede, Dennis.
"Aiding Insight III: Decision Analysis Software Survey." OR/MS Today. August
1996 Volume 23 Number 4.
Journals with a Focus on Decision Analysis
European Journal of Operations Research
Other Disciplines closely associated with Decision Analysis
Cognitive Science, Games, Management, Operations Research, Risk and
Uncertainty, Statistics, Systems