Bounded Rationality in Budgetary Research

1980 ◽  
Vol 74 (2) ◽  
pp. 354-372 ◽  
Author(s):  
John F. Padgett
Keyword(s):  
Decision Making ◽  
Stochastic Process ◽  
Linear Regression ◽  
Bounded Rationality ◽  
Normal Result ◽  
Budget Planning ◽  
Process Framework ◽  
Regression Techniques ◽  
Empirical Analyses

Two bounded rationality theories of federal budgetary decision making are operationalized and tested within a stochastic process framework. Empirical analyses of Eisenhower, Kennedy and Johnson domestic budget data, compiled from internal Office of Management and Budget planning documents, support the theory of serial judgment over the theory of incrementalism proposed by Davis, Dempster and Wildavsky. The new theory highlights both the structure of ordered search through a limited number of discrete alternatives and the importance of informal judgmental evaluations. Serial judgment theory predicts not only that most programs most of the time will receive allocations which are only marginally different from the historical base, but also that occasional radical and even “catastrophic” changes are the normal result of routine federal budgetary decision making. The methodological limitations of linear regression techniques in explanatory budgetary research are also discussed.

scholarly journals Analysis of Influence of Compensation and Leadership Style To Employee Performance PT. Feva Indonesia

2020 ◽  
Vol 1 (1) ◽  
pp. 9-24
Author(s):  
Bulawambona Endah Purnamasari ◽  
Rr. Hermien Tridayanti
Keyword(s):  
Decision Making ◽  
Linear Regression ◽  
Data Collection ◽  
Multiple Linear Regression ◽  
Leadership Style ◽  
Employee Performance ◽  
Analytical Tool ◽  
Decision Making Process ◽  
Positive Leadership ◽  
Regression Techniques

The purpose of this study is to study leadership style and comparison of employee performance. This research was conducted at the company PT. Feva Indonesia. The population used was 60 people. Data collection is done through interviews. The analytical tool used is multiple linear regression techniques. The results of the analysis show a positive leadership style but not significant on employee performance. This shows how leadership style is not related or not significant to employee performance, related to employee performance that requires authoritarian support and cannot be involved in the decision making process. Positive and significant compensation variables on employee performance. This shows that fair and proper assistance is needed to be given to employees, the employee's needs will increase significantly.

scholarly journals Analysis of Influence of Compensation and Leadership Style To Employee Performance PT. Feva Indonesia

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Bulawambona Endah Purnamasari ◽  
Rr. Hermien Tridayanti
Keyword(s):  
Decision Making ◽  
Linear Regression ◽  
Data Collection ◽  
Multiple Linear Regression ◽  
Leadership Style ◽  
Employee Performance ◽  
Analytical Tool ◽  
Decision Making Process ◽  
Positive Leadership ◽  
Regression Techniques

The purpose of this study is to study leadership style and comparison of employee performance. This research was conducted at the company PT. Feva Indonesia. The population used was 60 people. Data collection is done through interviews. The analytical tool used is multiple linear regression techniques. The results of the analysis show a positive leadership style but not significant on employee performance. This shows how leadership style is not related or not significant to employee performance, related to employee performance that requires authoritarian support and cannot be involved in the decision making process. Positive and significant compensation variables on employee performance. This shows that fair and proper assistance is needed to be given to employees, the employee's needs will increase significantly.

Reasonable Bounds on Rationality

2020 ◽  
Author(s):  
Igor Grossmann ◽  
Richard Eibach
Keyword(s):  
Decision Making ◽  
Bounded Rationality ◽  
Cognitive Resources ◽  
Previous Theory ◽  
Making Choices ◽  
Points Of View ◽  
Sound Judgment

Previous theory and research on bounded rationality has emphasized how limited cognitive resources constrain people from making utility maximizing choices. This paper expands the concept of bounded rationality to consider how people’s rationality may be constrained by their internalization of a qualitatively distinct standard for sound judgment, which is commonly labeled reasonableness. In contrast to rationality, the standard of reasonableness provides guidance for making choices in situations that involve balancing incommensurable values and interests or reconciling conflicting points-of-view. We review recent evidence showing that laypeople readily recognize the distinctions between rationality and reasonableness and thus are able to utilize these as distinct standards to inform their everyday decision-making. The fact that people appear to have internalized rationality and reasonableness as distinct standards of sound judgment supports the notion that people’s pursuit of rationality may be bounded by their determination to also be reasonable.

Fire Surfing

Public Voices ◽  
2017 ◽  
Vol 9 (2) ◽  
pp. 92
Author(s):  
Michael W. Popejoy ◽  
Daniel P. Popejoy
Keyword(s):  
Decision Making ◽  
Short Story ◽  
Urban Growth ◽  
Budget Planning ◽  
Public Bureaucracy ◽  
The Impact

This is a short story of fiction developed to illustrate teamwork, leadership,camaraderie, the impact of uncontrolled urban growth and poor budget planning. Italso demonstrates the darker side of public bureaucracy in decision making and how it can result in tragic consequences.

Varieties of Intra-Party Democracy

2017 ◽  
Author(s):  
Benjamin von dem Berge ◽  
Thomas Poguntke
Keyword(s):  
Decision Making ◽  
Political Parties ◽  
Political Party ◽  
The Political ◽  
Two Dimensional ◽  
Rare Exception ◽  
Empirical Analyses

This chapter introduces a new, two-dimensional way of measuring intra-party democracy (IPD). It is argued that assembly-based IPD and plebiscitary IPD are two theoretically different modes of intra-party decision-making. Assembly-based IPD means that discussion and decision over a certain topic takes place at the same time. Plebiscitary IPD disconnects the act of voting from the discussion over the alternatives that are put to a vote. In addition, some parties have opened up plebiscitary decision-making to non-members which is captured by the concept of open plebiscitary IPD. Based on the Political Party Database Project (PPDB) dataset, indices are developed for the three variants of IPD. The empirical analyses here show that assembly-based and plebiscitary IPD are combined by political parties in different ways while open party plebiscites are currently a rare exception.

Beyond Bounded Rationality: CEO Reflective Capacity and Firm Sustainability Performance

2021 ◽  
pp. 1-38
Author(s):  
Yingya Jia ◽  
Anne S. Tsui ◽  
Xiaoyu Yu
Keyword(s):  
Decision Making ◽  
Bounded Rationality ◽  
Three Dimensional ◽  
Strategic Decision ◽  
Future Research ◽  
Sustainability Performance ◽  
Business Executives ◽  
Dimensional Measure ◽  
Reflective Capacity ◽  
Mediating Mechanisms

ABSTRACT Optimal or rational decision making is not possible due to informational constraints and limits in computation capability of humans (March & Simon, 1958; March, 1978). This bounded rationality serves as a filtering process in decision making among business executives (Hambrick & Mason, 1984). In this study, we propose the concept of CEO reflective capacity as a behavior-oriented cognitive capability that may overcome to some extent the pervasive limitation of bounded rationality in executive decision-making. Following Hinkin's (1998) method and two executive samples, we developed and validated a three-dimensional measure of CEO reflective capacity. Based on two-wave surveys of CEOs and their executive-subordinates in 213 Chinese small-medium sized firms, we tested and confirmed three hypotheses on how CEO reflective capacity is related to a firm's sustainability performance (including economic, societal, and environmental dimensions) through the mediating mechanisms of strategic decision comprehensiveness and CEO behavioral complexity. We discuss the contribution of this study to the literature on the upper echelons and information processing perspectives. We also identify the implications for future research on strategic leadership and managerial cognition in complex and dynamic contexts.

Correlation Between Gestures’ Qualitative Properties and Usa- bility metrics

2020 ◽  
Vol 64 (1) ◽  
pp. 726-730
Author(s):  
Daniela Chanci ◽  
Naveen Madapana ◽  
Glebys Gonzalez ◽  
Juan Wachs
Keyword(s):  
Linear Regression ◽  
User Satisfaction ◽  
Completion Time ◽  
User Study ◽  
Task Completion ◽  
Time Error ◽  
Qualitative Properties ◽  
Regression Techniques ◽  
Overall Efficiency ◽  
Usability Metrics

The choice of best gestures and commands for touchless interfaces is a critical step that determines the user- satisfaction and overall efficiency of surgeon computer interaction. In this regard, usability metrics such as task completion time, error rate, and memorability have a long-standing as potential entities in determining the best gesture vocabulary. In addition, some previous works concerned with this problem have utilized qualitative measures to identify the best gesture. In this work, we hypothesize that there is a correlation between the qualitative properties of gestures (v) and their usability metrics (u). Therefore, we conducted an experiment with linguists to quantify the properties of the gestures. Next, a user study was conducted with surgeons, and the usability metrics were measured. Lastly, linear and non-linear regression techniques were used to find the correlations between u and v. Results show that usability metrics are correlated with the gestures’ qualitative properties ( R2 = 0.4).

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