Dissertation/Thesis Abstract

Quantitative assessments of business wisdom through empirical measurements of microeconomic utility and discrepancy. A focused, restricted objectivation of decision-making ethics
by Gygax, Max, Ph.D., TUI University, 2012, 343; 3536381
Abstract (Summary)

The current study proposes a quantitative model for assessing the impact of wisdom on business decision-making, based on microeconomic principles of utility and discrepancy. The theoretical model is microeconomic/utilitarian: it integrates the quantifiable outcomes experienced at different focus-levels (i.e. groups affected by the decisions) and uses the measurements of global utility and discrepancy between these foci in a synthesized algebraic evaluative formula, which is proposed as an objective, quantitative assessment of wisdom decision-making. The empirical study uses responses of 305 business participants addressing 5 business situations (1525 observations). Situation-specific intensities are assessed, as well as respondent engagement in the situation and respondent wisdom-capacity. Results show a high statistical significance whereby the higher the assessed wisdom-capacity, the higher the direct and indirect effect of wisdom on the quality of business decision-making.

Indexing (document details)
Advisor: Fitzgerald, Stephen
School: TUI University
School Location: United States -- California
Source: DAI-A 74/06(E), Dissertation Abstracts International
Subjects: Business administration, Ethics, Economic theory
Keywords: Business ethics, Decision-making
Publication Number: 3536381
ISBN: 9781267942050
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