Decision Maker in the Global Village: Thinking Together

Abstract

The Nobel Memorial Prize in Economics has been awarded twice so far to researchers in the area of decision making. In 1978 to Herbert Simon “for his pioneering research into the decision-making process within economic organizations” and in 2002 to Daniel Kahneman “for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty”. In spite of this, in business schools and schools of economics courses in decision making focus on decision tools of applied operations research. There are, however, newer views that have not yet made their ways into the decision curricula. Therefore the authors argue that in the Global Village the decision taker's role is wearing off while the decision maker's role is changing. Now, that a great deal of knowledge is available freely and free of charge, a new possibility is opening up for a new type of thinking together. In this Chapter the authors take a closer look at this thinking together.