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- W4313558711 abstract "Most decisions that people take are complex. However, the scientific literature in psychology, judgment and decision-making, management, complex problem-solving and complexity science devoted to decision-making, uses the terms ``complexity'' and ``complex decision-making'' quite loosely. This shows that decision complexity is a multifaced concept that lacks a uniform comprehensive definition. This paper aims to systematize the meaning of ``complexity of decision-making''. It reviews the literature from various relevant scientific fields, based on which it identifies five facets of complexity in decision-making: 1) choice structure – referring to the relevant number and content of choice options, 2) choice information – referring to the presentation, correctness and completeness of information about the choice options, 3) dynamic change – referring to the decision’s situatedness in dynamically changing environments, 4) interconnectedness of elements of a decision problem – referring to the complexity of social and economic networks, in which decisions are taken, and 5) choice environment – referring to the context and physical environment of a decision problem. This paper proposes a framework that assumes that complexity of a decision problem depends psychological entropy of a decision-maker that results from the interaction between the decision setup and the decision-maker. It also suggests ways to investigate complex decision-making by using a combination of interdisciplinary methods." @default.
- W4313558711 created "2023-01-06" @default.
- W4313558711 creator A5086393503 @default.
- W4313558711 date "2023-01-04" @default.
- W4313558711 modified "2023-09-28" @default.
- W4313558711 title "Five Facets of Complexity in Decision Making" @default.
- W4313558711 doi "https://doi.org/10.31219/osf.io/u6fzv" @default.
- W4313558711 hasPublicationYear "2023" @default.
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