Proceedings of the 51st Annual Meeting of the ISSS - 2007, Tokyo, Japan, Papers: 51st Annual Meeting

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Decision making in the real world

Zhichang zhu

Abstract


Decisions are derived from assumptions. It is imperative to surface assumptions for making sensible and effective decisions in the real world. Assumptions and associated decision models are plenty and diverse, even conflicting. Pragmatism, as an inherent sensibility in Chinese traditions, in indigenous American thought and in the Aristotelian ‘phronesis’ of practical wisdom, is helpful for accommodating and acting upon diverse assumptions and models. Adopting pragmatism, good practice, good research and good science rely on open and engaging conversations.

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