financialsuccess of the decision as incentive and furthermore pursue personal goals. Following the managers'individual judgement of … decisionmakingwill be identified and their impact on decision quality being discussed: personal interests,incentives, qualification …

the quality of the decision made by the board. If, as will be assumed in the following, the shareholders are only …-term financial success of the decision that he has delegated to the managers.The shareholders are faced with either making a decision … incentives, their qualification, and the board size is central for the model. The following meta decision problem results for the …

Decision making in the rational choice domain requires the decision problem at hand to appear in closed form. Closed … rationality does (mostly) not assume real world decision problems to appear in closed form, but treats them as open. Consequently …, in the bounded rationality domain the question of how to close a decision problem, i.e. transforming it from open to …

For decision making various theories exist beyond Bernoulli rationality and subjectiveexpected utility. A special …

In the context of decision making under risk, additional information can be seen as a resource for the improvement of … decision quality. The value of this improved quality is usually measured using Marschak´s concept of the value of information … information processing activity into improved decision quality. The production function of this activity therefore assigns the …