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139 results

How Do Emotions Affect Decision Making? (Chapter)

In A. Scarantino (Ed.). Routledge Handbook of Emotion Theory, Routledge
Books
Published: 2025
Author(s): J. S. Lerner, C. A. Dorison, and J. Klusowski
Abstract

This chapter reviews major theories of emotion and decision making, concentrating on developments within the disciplines of psychology, economics, and decision science. These theories naturally cluster into two sets of theories – one set that views emotional valence (i.e., positivity versus negativity) as the primary factor for predicting decision outcomes, and a second set of theories that views valence as one of multiple factors for making predictions. Often known as “emotion-specific models”, theories in this latter set propose that emotions of the same valence can have opposing (rather than similar) effects on certain decisions. After describing strengths and weaknesses of each approach, the chapter offers a review of the Emotion-Imbued Choice model (EIC) – a unified, meta-level model of emotion and decision making.

The Assumptions of Operations Research

Chapter 18 in Core Assumptions in Business Theory, Oxford University Press
Books
Published: 2025
Author(s): E. H. Kaplan
Abstract

Operations research, originating during World War II, is the scientific study of operations aimed at improving decision-making and organizational performance. Initially focused on military logistics, its scope has expanded to address diverse operational problems in business, government, and non-profit sectors. These include scheduling, capacity planning, routing, and resource allocation. Through mathematical modeling and analysis, operations research seeks not just to describe but to optimize operations by aligning them with organizational goals such as maximizing profit, minimizing costs, or enhancing effectiveness. The field has evolved from simple problem identification to complex mathematical modeling, emphasizing the importance of framing the right problem within a well-understood system context. Applied operations research assumes that the identified problem can be modeled mathematically, that the models and assumptions are valid, and that organizational objectives and constraints are clearly defined and quantifiable. The ultimate aim is actionable recommendations that improve real-world decision-making. Grounded in the belief in mathematical rigor, operations research integrates objectives and constraints to deliver feasible solutions. By leveraging analytical tools, it supports better decision-making, ensuring that operations are not only efficient but also aligned with strategic priorities, making it a practical and impactful discipline across sectors.

Monetary Policy Responses to the Post-Pandemic Inflation

Books
Published: 2024
Author(s): Edited by W. B. English, K. Forbes and Á. Ubide
Abstract

Demand rebounded more rapidly than expected after the COVID pandemic. This interacted with a series of unprecedented supply-side shocks around the shutdown and reopening of economies, along with broad-based increases in commodity prices following the invasion of Ukraine. Inflation spiked to the highest level in decades. In response, central banks tightened monetary policy sharply. This book explores the commonalities and differences in countries’ strategies, as well as lessons for the next inflationary episode.

The Ethics of Entrepreneurship Education

Books
Published: 2024
Author(s): K. Jensen
Abstract

How to handle the ethical challenges raised by entrepreneurship education amid its explosive growth in colleges—from the perspective of an educator, administrator, investor, inventor, and former student entrepreneur.

Entrepreneurship is now everywhere on college campuses: from classes and contests to accelerators and incubators spread across diverse departments and programs. These activities cultivate tomorrow's Facebooks and Googles but can also put profit in conflict with pedagogy. Should faculty keep information about student start-ups confidential? Should universities, or educators personally, invest in student start-ups? Should educators adjudicate disputes between student founders? In The Ethics of Entrepreneurship Education, Kyle Jensen addresses these questions and many others.

This book fills a significant hole in the literature and helps readers think through the everyday ethical problems that arise in campus entrepreneurship. Jensen draws on economics literature, normative ethics, the wisdom of antiquity, and stories from his own wide-ranging experience to guide the discussion, while mixing in a good deal of wit and levity. It is an invaluable resource for all those involved in campus entrepreneurship, from university educators and administrators to students, mentors, investors, donors, and alumni.

The Sustainable Corporation: A Legal and Business Centric Approach to (ESG)

Books
Published: 2023
Author(s): T. Miller and T. Cort
Abstract

The Sustainable Corporation is a guide for lawyers to effectively represent and advise their clients on the risks, opportunities, and rewards facing companies on important issues such as environmental impact, social responsibility, and corporate governance. This guide defines, explains, and provides strategies for a "business centric" approach to ESG for the corporation.