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ERIC Number: ED041356
Record Type: RIE
Publication Date: 1970-Mar-6
Pages: 10
Abstractor: N/A
Reference Count: 0
Relevance of a Managerial Decision-Model to Educational Administration.
Lundin, Edward.; Welty, Gordon
The rational model of classical economic theory assumes that the decision maker has complete information on alternatives and consequences, and that he chooses the alternative that maximizes expected utility. This model does not allow for constraints placed on the decision maker resulting from lack of information, organizational pressures, interpersonal relations, his intrinsic psychological state, and his self-created role. The authors have developed a behavioral model that retains the rigor of the classical model while providing for a latitude of realism. The decision maker, with knowledge only of his last two decisions and the state of the organization relative to its goals, tries to repeat successful behavior and avoid unsuccessful behavior. The model converges on the classical result under certain conditions. The model, not presented in this document, appears in document EA 002 912. (DE)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A
Note: Paper presented at American Educational Research Association Annual Meeting (Minneapolis, Minnesota, March 6, 1970)