The Limitations of Decision-Making

In a world faced with technological, health and environmental change and uncertainty, decision-making is challenging. In addition, decision-making itself is becoming a collaborative activity between people and artificial intelligence. This paper analyses decision-making as a form of information proc...

Full description

Saved in:
Bibliographic Details
Published inInformation (Basel) Vol. 11; no. 12; p. 559
Main Author Walton, Paul
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.12.2020
Subjects
Artificial intelligence
Climate change
Conventions
COVID-19
Data processing
Decision analysis
Decision making
Decision theory
Evolution
Friction
information
Information processing
Pandemics
Political parties
selection
Online AccessGet full text

Cover

More Information
Summary:In a world faced with technological, health and environmental change and uncertainty, decision-making is challenging. In addition, decision-making itself is becoming a collaborative activity between people and artificial intelligence. This paper analyses decision-making as a form of information processing, using the ideas of information evolution. Information evolution studies the effect of selection pressures and change on information processing and the consequent limitations of that processing. The analysis identifies underlying information evolution factors that affect the quality of information used throughout decision-making and, hence, affect the quality of decisions. These factors imply a set of challenges in which the pressures that drive useful trade-offs in a static environment also hinder decision-making of the required quality in times of change. The analysis indicates the information evolution characteristics of a good decision-making approach and establishes the theoretical basis for tools to demonstrate the information evolution limitations of decision-making.
ISSN:2078-2489
2078-2489
DOI:10.3390/info11120559