INFORMATIONAL EVALUATION OF DECISION CRITERIA IN SITUATIONAL DECISION MAKING MODEL

Abstract

“The situational decision making model” is a qualitative, non-metric approach to a decision making. Originally aimed at a more realistic application of the statistical decision theory, the model does not assume an assumptive loss function, but consists of more essential ingredients of a decision making, i.e., ‘decision criteria’, ‘situations’ and ‘actions’. The paper is of a cognitive nature, dealing with how to order, retrospectively, the decision criteria in terms of their influences, and hence to analyse the structure of decisions.