The impact of resources on decision making

Boyle, Iain M.; Duffy, Alex H. B.; Whitfield, Robert Ian; Liu, Shaofeng; Dong, Andy; Jupp, Julie

doi:10.1017/s0890060412000273

Cited by 7 publications

(5 citation statements)

References 55 publications

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“…This study sheds light on the bounded rationality and adaptive fitness. From an evolutionary perspective, bounded rationality likely evolved as a mechanism to optimize the allocation of limited cognitive resources (Boyle et al 2012;Jones 1999). This adaptive function enables individuals to make effective decisions while conserving cognitive energy for other tasks essential to survival and reproduction.…”

Section: Discussionmentioning

confidence: 99%

Too smart for one's own good? Evolution favors individuals with a low-level theory of mind in a complex network

Yan

2024

Preprint

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The Theory of Mind (ToM) is pivotal for social interaction, enabling individuals to predict others' minds and navigate in complex environments. However, the cognitive and energetic demands of ToM pose significant challenges, potentially leading to mental fatigue and impacting long-term mental well-being. This study utilizes agent-based modeling to investigate the how cognitive complexity and the structures of social networks influence the survival and success of individuals from an evolutional perspective. Agents simulated in the study encompass those with varying degrees of ToM: 0-ToM (fixed choice beliefs), 1-ToM (consideration of others' perspectives), 2-ToM (consideration of others' perspectives and their perceived perspectives), and 3-ToM (multiple layers of recursive thinking), each associated with different cognitive costs. Results from spatial networks, representing simple social structures (Experiment 1), suggest that agents with 3-ToM initially exhibit competitive dominance in social interaction, which shifts towards 2-ToM agents as cognitive costs increase. Conversely, in scale-free networks representing complex social structures (Experiment 2), 1-ToM agents emerge as thriving social hubs, highlighting the efficiency of simpler cognitive strategies in complex environments. The findings contribute to our understanding of the evolutionary pressures shaping social cognition and offer insights into optimizing cognitive strategies for social interaction and leadership in complex social landscapes.

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Section: Discussionmentioning

confidence: 99%

Too smart for one's own good? Evolution favors individuals with a low-level theory of mind in a complex network

Yan

2024

Preprint

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“…Hence, it is important to reduce any sources of uncertainty for resources and costs to give a clear picture of the capacity that can be sustained for the selectors. A resource impact model can better understand the relationship between decision making and resources, enhancing decision support systems [48].…”

Section: Uncertain Decision-making Modelsmentioning

confidence: 99%

Third-Party Reverse Logistics Selection: A Literature Review

Anon,

Amin,

Baki

2024

Logistics

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Background: This literature review delves into the concept of ‘Third-party Reverse Logistics selection’, focusing on its process and functionality using deterministic and uncertain decision-making models. In an increasingly globalized world, Reverse Logistics (RL) plays a vital role in optimizing supply chain management, reducing waste, and achieving sustainability objectives. Deterministic decision-making models employ predefined criteria and variables, utilizing mathematical algorithms to assess factors such as cost, reliability, and capacity across various geographical regions. Uncertain decision-making models, on the other hand, incorporate the unpredictability of real-world scenarios by considering the uncertainties and consequences of decision making and choices based on incomplete information, ambiguity, unreliability, and the option for multiple probable outcomes. Methods: Through an examination of 41 peer-reviewed journal publications between the years 2020 and 2023, this review paper explores these concepts and problem domains within three categories: Literature Reviews (LR), Deterministic Decision-Making (DDM) models, and Uncertain Decision-Making (UDM) models. Results: In this paper, observations and future research directions are discussed. Conclusions: This paper provides a comprehensive review of third-party reverse logistics selection papers.

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“…Decisions may have positive or negative effects. In demonstrating the positive impact of experience and the negative impact of uncertainty, decision-making elements can be influenced along with the various impacts that can arise from a single resource and its sequential emergence [16].…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Decision-Making Quality towards Effectiveness of Conciliation Process of Lupong Tagapamayapa

Villamor¹,

Dagohoy²

2021

IJRISS

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This study assessed the decision making quality towards the effectiveness of conciliation process of lupong tagapamayapa. The main purpose and objective of this study is to determine which domain of decision making quality significantly influences the effectiveness of conciliation process of lupong tagapamayapa. This study used the descriptivecorrelational method of research. This study was conducted in Barangay Tibal-og, Santo Tomas, Davao del Norte, Philippines and it has 100 respondents through quota sampling, who are the constituents of the barangay who availed the services of the lupong tagapamayapa. The researchers adopted two questionnaires from online sources, which were validated through pilot testing. The results have shown that the level of the decision making quality of lupong tagapamayapa is very high, additionally the results also revealed that the level of the effectiveness of conciliation process of lupong tagapamayapa is very high. The study also resulted that decision making quality and effectiveness of conciliation process of lupong tagapamayapa has a positive high significant correlation and lastly, it was found out that evaluation is the domain of the decision making quality that significantly influences effectiveness of conciliation process of Lupong Tagapamayapa. The result of the study will be used to make interventions and programs to maintain and continue the efficiency and effectiveness of lupong tagapamayapa.

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The impact of resources on decision making

Cited by 7 publications

References 55 publications

Too smart for one's own good? Evolution favors individuals with a low-level theory of mind in a complex network

Too smart for one's own good? Evolution favors individuals with a low-level theory of mind in a complex network

Third-Party Reverse Logistics Selection: A Literature Review

Decision-Making Quality towards Effectiveness of Conciliation Process of Lupong Tagapamayapa

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