2018
DOI: 10.1007/978-3-319-77434-3_34
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Decision Theory: A Formal Philosophical Introduction

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Cited by 8 publications
(4 citation statements)
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“…Like most ethical decision-making models used in different fields, our model follows the pattern of facts gathering, option generation, option assessment according to ethical criteria, preferred option choice, and retrospective evaluation . 20 - 22 Previous research in the field of business ethics has reported the need to complement consequentialist and deontological ethics approaches with a virtue-based orientation to make the most comprehensive ethics decision model. 28 - 30 The foundational elements of our model apply such a complementary approach and uniquely support practical prospective decision making: employees are engaged as moral agents applying values and principles to guide their decision in a specific situation.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…Like most ethical decision-making models used in different fields, our model follows the pattern of facts gathering, option generation, option assessment according to ethical criteria, preferred option choice, and retrospective evaluation . 20 - 22 Previous research in the field of business ethics has reported the need to complement consequentialist and deontological ethics approaches with a virtue-based orientation to make the most comprehensive ethics decision model. 28 - 30 The foundational elements of our model apply such a complementary approach and uniquely support practical prospective decision making: employees are engaged as moral agents applying values and principles to guide their decision in a specific situation.…”
Section: Discussionmentioning
confidence: 99%
“…Evaluation of options is done according to a set of objective criteria that would qualify one option as most acceptable or favorable over other options. [20][21][22] Ethical decision making, on the other hand, sees options evaluated according to moral criteria or values. 23 In our model we adopted company values as a basis for ethical evaluation and integrated them into the decision-making process, which aims to select the best possible Is the solution likely to be seen as consistent in terms of the timing, intent and proportionality?…”
Section: Decision Making Stepsmentioning
confidence: 99%
“…They then choose the action that maximizes their expected utility based on the model. 33 The advantages of using a decision theory approach to decision-making are that it calls for a clear statement of the problem, applies information to a coherent framework, and offers a transparent and repeatable analysis for generating an expected course of action. 34 Nevertheless, for many events of interest in a pandemic, we do not have enough information to generate probabilities, nor is it likely that there exist probabilities to summarize all the relevant information for decision-making.…”
Section: Dealing With Uncertaintymentioning
confidence: 99%
“…To understand, predict, and influence human behavior, we need to gain deeper insights into the principles and processes underlying decision-making. While thinkers of all times have wondered about the nature of human decisions, it is a much more recent development that scientists approach the decision-making process empirically, focusing not on how we theoretically should but how we actually do make decisions [refer to Bradley (2018) on philosophical and Takemura (2004) on behavioral decision theory].…”
Section: Introductionmentioning
confidence: 99%