Gilboa, Itzhak; Rouziou, Maria; Sibony, Olivier - 2018
Decision theory offers a formal approach to decision making, which is often viewed and taught as the rational way to … providing the “right” answer in practically all managerial situations. Today it seems fair to say that decision theory has not … decision theory, even when these are explained to them. As a result, executives often find decision theory frustrating and …