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Topic: Business
Number of pages / Number of words: 10 / 2529
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Apart from that, it allows for obtaining prediction of future states of the considered system, controlling or influencing its behavior and optimizing its performances. The complex system under consideration here is a specific aspect of human behavior devoted to some choice decisions. The complexity of this ``system'' clearly requires many simplifying assumptions in order to obtain operational models...


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The complexity of this ``system'' clearly requires many simplifying assumptions in order to obtain operational models. Some of the assumptions about different entities can be as described below:

Decision maker

The decision-maker is generally assumed here to be an individual. The concept of ``individual'' may easily been extended, depending on the particular application such that we may consider that a group of persons (a household or a government, for example) is the decision-maker...


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