The Art of Decision-Making:
Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do well-casinos and insurance companies thrive under less f...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Springer New York
1986
|
| Ausgabe: | 1st ed. 1986 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do well-casinos and insurance companies thrive under less favorable conditions. If you can invest as much as you like, as often as you like, using a betting system that guarantees you can't go broke, common sense suggests you will almost certainly make aprofitafteryou make a large numberofinvestments. In response to yourrequest for a hot stock yourastrologer tells you ABC Inc. will triple in a year (she's really a fraud and picked the stock at random). But since such stocks are rare (one in athousand) you consultan expert and, strangely enough, he confirms the astrologer. From experience you know that the expert diagnoses all stocks, good and bad, correctly, 90% of the time. Common sense suggests you have an excellent chance of tripling your money. You are chairman of acommittee ofthree. Decisions are made by majority rule but if there is no majority your vote as chairman breaks ties. Common sense suggests you will inevitably have more power to determine the outcome than the other members |
| Beschreibung: | 1 Online-Ressource (VIII, 92 p) |
| ISBN: | 9781461210740 |
| DOI: | 10.1007/978-1-4612-1074-0 |
Internformat
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| 520 | |a Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do well-casinos and insurance companies thrive under less favorable conditions. If you can invest as much as you like, as often as you like, using a betting system that guarantees you can't go broke, common sense suggests you will almost certainly make aprofitafteryou make a large numberofinvestments. In response to yourrequest for a hot stock yourastrologer tells you ABC Inc. will triple in a year (she's really a fraud and picked the stock at random). But since such stocks are rare (one in athousand) you consultan expert and, strangely enough, he confirms the astrologer. From experience you know that the expert diagnoses all stocks, good and bad, correctly, 90% of the time. Common sense suggests you have an excellent chance of tripling your money. You are chairman of acommittee ofthree. Decisions are made by majority rule but if there is no majority your vote as chairman breaks ties. Common sense suggests you will inevitably have more power to determine the outcome than the other members | ||
| 650 | 4 | |a Operations Research/Decision Theory | |
| 650 | 4 | |a Mathematics, general | |
| 650 | 4 | |a Operations research | |
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Datensatz im Suchindex
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| author | Davis, Morton |
| author_facet | Davis, Morton |
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| author_sort | Davis, Morton |
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| building | Verbundindex |
| bvnumber | BV046873604 |
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| ctrlnum | (ZDB-2-SBE)978-1-4612-1074-0 (OCoLC)863669456 (DE-599)BVBBV046873604 |
| dewey-full | 658.40301 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.40301 |
| dewey-search | 658.40301 |
| dewey-sort | 3658.40301 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Psychologie Wirtschaftswissenschaften |
| discipline_str_mv | Psychologie Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-1-4612-1074-0 |
| edition | 1st ed. 1986 |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:39Z |
| indexdate | 2024-07-10T08:56:12Z |
| institution | BVB |
| isbn | 9781461210740 |
| language | English |
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| publisher | Springer New York |
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| spelling | Davis, Morton Verfasser aut The Art of Decision-Making by Morton Davis 1st ed. 1986 New York, NY Springer New York 1986 1 Online-Ressource (VIII, 92 p) txt rdacontent c rdamedia cr rdacarrier Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do well-casinos and insurance companies thrive under less favorable conditions. If you can invest as much as you like, as often as you like, using a betting system that guarantees you can't go broke, common sense suggests you will almost certainly make aprofitafteryou make a large numberofinvestments. In response to yourrequest for a hot stock yourastrologer tells you ABC Inc. will triple in a year (she's really a fraud and picked the stock at random). But since such stocks are rare (one in athousand) you consultan expert and, strangely enough, he confirms the astrologer. From experience you know that the expert diagnoses all stocks, good and bad, correctly, 90% of the time. Common sense suggests you have an excellent chance of tripling your money. You are chairman of acommittee ofthree. Decisions are made by majority rule but if there is no majority your vote as chairman breaks ties. Common sense suggests you will inevitably have more power to determine the outcome than the other members Operations Research/Decision Theory Mathematics, general Operations research Decision making Mathematics Entscheidungsprozess (DE-588)4121202-2 gnd rswk-swf Entscheidungstheorie (DE-588)4138606-1 gnd rswk-swf Wahlverhalten (DE-588)4079009-5 gnd rswk-swf Entscheidungstheorie (DE-588)4138606-1 s DE-604 Wahlverhalten (DE-588)4079009-5 s Entscheidungsprozess (DE-588)4121202-2 s Erscheint auch als Druck-Ausgabe 9781461270041 Erscheint auch als Druck-Ausgabe 9780387962283 Erscheint auch als Druck-Ausgabe 9781461210757 https://doi.org/10.1007/978-1-4612-1074-0 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Davis, Morton The Art of Decision-Making Operations Research/Decision Theory Mathematics, general Operations research Decision making Mathematics Entscheidungsprozess (DE-588)4121202-2 gnd Entscheidungstheorie (DE-588)4138606-1 gnd Wahlverhalten (DE-588)4079009-5 gnd |
| subject_GND | (DE-588)4121202-2 (DE-588)4138606-1 (DE-588)4079009-5 |
| title | The Art of Decision-Making |
| title_auth | The Art of Decision-Making |
| title_exact_search | The Art of Decision-Making |
| title_exact_search_txtP | The Art of Decision-Making |
| title_full | The Art of Decision-Making by Morton Davis |
| title_fullStr | The Art of Decision-Making by Morton Davis |
| title_full_unstemmed | The Art of Decision-Making by Morton Davis |
| title_short | The Art of Decision-Making |
| title_sort | the art of decision making |
| topic | Operations Research/Decision Theory Mathematics, general Operations research Decision making Mathematics Entscheidungsprozess (DE-588)4121202-2 gnd Entscheidungstheorie (DE-588)4138606-1 gnd Wahlverhalten (DE-588)4079009-5 gnd |
| topic_facet | Operations Research/Decision Theory Mathematics, general Operations research Decision making Mathematics Entscheidungsprozess Entscheidungstheorie Wahlverhalten |
| url | https://doi.org/10.1007/978-1-4612-1074-0 |
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