Decision Making Reflecting the Fractalization of the Society

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985807%3A_____%2F22%3A00558141" target="_blank" >RIV/67985807:_____/22:00558141 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11320/22:10452426
Result on the web
<a href="http://dx.doi.org/10.5937/sjm17-31413" target="_blank" >http://dx.doi.org/10.5937/sjm17-31413</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5937/sjm17-31413" target="_blank" >10.5937/sjm17-31413</a>

Result language
angličtina
Original language name
Decision Making Reflecting the Fractalization of the Society
Original language description
Although the mainstream economic doctrine relies on the concept of equilibrium, the current society has been recently facing serious challenges. While we can experience a gradually rise of the ideals of the knowledge society, we hold the opinion that the society (and the economies worldwide as well) will have a fractal structure following models investigated by the chaos theory. This paper is focused on decision making especially in economic or managerial tasks and its transforms due to the paradigm shift towards a fractal society in disequilibrium economic conditions. Statistical and information-theoretical aspects of decision support are discussed and a decision making example from the field of credit risk management is analyzed and presented.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
<a href="/en/project/GA21-19311S" target="_blank" >GA21-19311S: Information Flow and Equilibrium in Financial Markets</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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