Yucel, Eray and Tokel, Emre (2010): Fibonacci Hierarchies for Decision Making.
Download (155kB) | Preview
All decisions are practically made within a chainwise social setup named a decision-making chain (DMC). This paper considers some cases of an idea (a project proposal) propagating through an organizational DMC. Survival of a proposal through successive links of the DMC depends on the relative power of those links, in addition to proposal’s intrinsic value. Then it is not impossible to reject a good proposal or to fail to reject a bad proposal, either of which may generate undesired, though not detrimental, outcomes. We consider here a simple metric to assess quality of decision-making. The notion of quality here derives from “not declining (not accepting) a project that is of high (poor) intrinsic value”. As Fibonacci series establish the mathematical basis of our proposed metric, metric is simply named a Fibonacci metric.
|Item Type:||MPRA Paper|
|Original Title:||Fibonacci Hierarchies for Decision Making|
|English Title:||Fibonacci Hierarchies for Decision Making|
|Keywords:||Decision making chains; Innovation; Fairness metric; Fibonacci series|
|Subjects:||Z - Other Special Topics > Z1 - Cultural Economics; Economic Sociology; Economic Anthropology
C - Mathematical and Quantitative Methods > C0 - General > C00 - General
A - General Economics and Teaching > A1 - General Economics
|Depositing User:||Mustafa Eray Yucel|
|Date Deposited:||26. Feb 2010 10:43|
|Last Modified:||08. Jan 2014 05:16|
Fibonacci, L. (1202). Liber Abaci.
Neyman, J., and Pearson, E.S., (1967) "On the Use and Interpretation of Certain Test Criteria for Purposes of Statistical Inference, Part I", Joint Statistical Papers, Cambridge University Press, 1–66 (originally published in 1928).
Brink, R. van den, and R.P. Gilles, (2000) “Measuring Domination in Directed Networks”, Social Networks, 22, 1141-157.
Brink, R.van den, (2001) "An Axiomatization of the Shapley Value using a Fairness Property", International Journal of Game Theory, 30, 309-319.
Brink, R. van den, and F. Steffen, (2008) “Positional Power in Hierarchies”, in: Power, Freedom and Voting (eds. M. Braham and F. Steffen), Springer, pp 57-81.
Brink, R. van den, and F. Steffen, (2008) “Axiomatizations of a Positional Power Score and Measure for Hierarchies”, Tinbergen Discussion Paper 08/115-1, Tinbergen Institute and Free University, Amsterdam.